Volution Group (LON:FAN) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Volution Group plc (LON:FAN) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 532.85 ($7.08) and traded as high as GBX 581 ($7.72). Volution Group shares last traded at GBX 580 ($7.71), with a volume of 221,453 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 700 ($9.30) price objective on shares of Volution Group in a research note on Thursday, March 13th.

Volution Group Trading Up 0.7 %

The company has a debt-to-equity ratio of 34.97, a quick ratio of 0.98 and a current ratio of 1.28. The stock has a market capitalization of £1.15 billion, a PE ratio of 26.88 and a beta of 1.36. The business’s 50-day moving average is GBX 532.85 and its two-hundred day moving average is GBX 546.17.

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

Volution Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 6th. Investors of record on Thursday, March 27th will be paid a GBX 3.40 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a dividend yield of 0.6%. Volution Group’s dividend payout ratio (DPR) is presently 36.83%.

Volution Group Company Profile

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.