Volution Group (LON:FAN) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Volution Group plc (LON:FAN)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 624.30 and traded as low as GBX 603. Volution Group shares last traded at GBX 617, with a volume of 805,639 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FAN. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 840 price target on shares of Volution Group in a research note on Thursday, May 28th. Berenberg Bank restated a “buy” rating and set a GBX 870 price objective on shares of Volution Group in a research note on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 753.75.

Volution Group Price Performance

The firm has a market capitalization of £1.23 billion, a P/E ratio of 24.34 and a beta of 1.16. The company has a debt-to-equity ratio of 100.88, a quick ratio of 0.98 and a current ratio of 2.74. The firm has a 50-day moving average of GBX 609.98 and a 200-day moving average of GBX 624.30.

Volution Group Company Profile

Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics, Central Europe and Australasia.