Volex (LON:VLX) Shares Pass Above 200 Day Moving Average – Time to Sell?

Volex plc (LON:VLX)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 302.36 ($4.09) and traded as high as GBX 339 ($4.59). Volex shares last traded at GBX 336.80 ($4.56), with a volume of 340,778 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on VLX. Jefferies Financial Group reiterated a “buy” rating and set a GBX 430 target price on shares of Volex in a research report on Thursday, August 7th. Berenberg Bank lifted their price objective on shares of Volex from GBX 415 to GBX 430 and gave the company a “buy” rating in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 400.

Volex Trading Up 0.2%

The firm has a market cap of £610.38 million, a P/E ratio of 1,300.06 and a beta of 1.03. The stock has a 50 day simple moving average of GBX 360.37 and a 200-day simple moving average of GBX 302.36. The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 64.83.

About Volex

Volex plc (AIM:VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway.