Volex (LON:VLX) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Volex plc (LON:VLX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 514.64 and traded as high as GBX 558. Volex shares last traded at GBX 540, with a volume of 710,010 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VLX shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 700 price objective on shares of Volex in a report on Thursday, June 25th. Canaccord Genuity Group increased their price target on shares of Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Volex from GBX 500 to GBX 590 and gave the company a “hold” rating in a report on Friday, June 26th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Volex presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 528.

Volex Trading Down 2.0%

The stock has a market cap of £991.75 million, a price-to-earnings ratio of 17.76 and a beta of 1.57. The business’s fifty day simple moving average is GBX 619.95 and its 200 day simple moving average is GBX 514.64. The company has a debt-to-equity ratio of 46.75, a current ratio of 1.74 and a quick ratio of 1.04.

Volex (LON:VLX) last released its earnings results on Friday, June 26th. The company reported GBX 35.20 earnings per share for the quarter. The firm had revenue of GBX 124.26 billion during the quarter. Volex had a net margin of 5.29% and a return on equity of 15.29%. On average, research analysts predict that Volex plc will post 30.9454191 EPS for the current year.

Volex Company Profile

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. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.