Volution Group (LON:FAN) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Volution Group plc (LON:FAN) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 532.12 ($6.87) and traded as high as GBX 574 ($7.41). Volution Group shares last traded at GBX 567 ($7.32), with a volume of 699,682 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 700 ($9.04) price target on shares of Volution Group in a research note on Thursday, March 13th.

Volution Group Price Performance

The company has a debt-to-equity ratio of 34.97, a current ratio of 1.28 and a quick ratio of 0.98. The firm has a market cap of £1.12 billion, a price-to-earnings ratio of 26.10 and a beta of 1.36. The stock has a 50-day moving average price of GBX 532.12 and a 200 day moving average price of GBX 555.66.

Volution Group (LON:FAN) last released its quarterly earnings results on Thursday, March 13th. The company reported GBX 15.30 ($0.20) EPS for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. As a group, equities research analysts forecast that Volution Group plc will post 30.0441826 earnings per share for the current fiscal year.

Volution Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Investors of record on Thursday, March 27th will be given a GBX 3.40 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 0.6%. Volution Group’s payout ratio is currently 36.83%.

About Volution Group

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial constructions in the United Kingdom, Continental Europe, and Australasia. The company offers unitary extractor fans for use in bathrooms and kitchens; mechanical and decentralized mechanical ventilation with heat recovery; centralized mechanical extract ventilation; positive input ventilation; single room and incline fans; passive ventilation; thermal destratification; and ducting.