Volution Group (LON:FAN) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Volution Group plc (LON:FAN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 553.33 ($6.86) and traded as low as GBX 527 ($6.54). Volution Group shares last traded at GBX 534 ($6.62), with a volume of 244,345 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 700 ($8.68) price target on shares of Volution Group in a report on Wednesday, December 11th.

Volution Group Stock Down 1.5 %

The firm’s 50 day simple moving average is GBX 545.66 and its 200-day simple moving average is GBX 553.02. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 47.31. The stock has a market capitalization of £1.04 billion, a price-to-earnings ratio of 2,504.76 and a beta of 1.36.

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.