Volex (LON:VLX) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Volex plc (LON:VLX) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 553.69 and traded as high as GBX 637. Volex shares last traded at GBX 626, with a volume of 504,034 shares.

Analyst Upgrades and Downgrades

VLX has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Volex from GBX 500 to GBX 590 and gave the stock a “hold” rating in a research note on Friday, June 26th. Canaccord Genuity Group upgraded Volex to a “buy” rating and boosted their target price for the stock from GBX 590 to GBX 600 in a report on Tuesday, July 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 700 target price on shares of Volex in a research report on Tuesday, August 25th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 700 price target on shares of Volex in a report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 594.

Volex Stock Up 1.5%

The firm has a market capitalization of £1.12 billion, a price-to-earnings ratio of 17.59 and a beta of 1.20. The business has a 50 day moving average of GBX 554.50 and a 200 day moving average of GBX 554.95. 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 quarterly earnings data on Friday, June 26th. The company reported GBX 35.20 earnings per share for the quarter. The company had revenue of GBX 124.26 billion for the quarter. Volex had a return on equity of 15.29% and a net margin of 5.29%. On average, equities analysts anticipate that Volex plc will post 30.9454191 EPS for the current year.

Insider Buying and Selling

In other news, insider Nathaniel Rothschild acquired 7,500 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were purchased at an average cost of GBX 510 per share, with a total value of £38,250. 35.49% of the stock is currently owned by company insiders.

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.