Volution Group (LON:FAN) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of Volution Group plc (LON:FAN) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 644.90 and traded as low as GBX 616. Volution Group shares last traded at GBX 643, with a volume of 212,561 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FAN. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 900 price target on shares of Volution Group in a research note on Wednesday, October 28th. Peel Hunt reissued a “buy” rating and issued a GBX 735 price objective on shares of Volution Group in a research note on Thursday, October 8th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 880 price target on shares of Volution Group in a report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Volution Group currently has a consensus rating of “Buy” and a consensus target price of GBX 838.33.

Volution Group Stock Up 0.2%

The company has a debt-to-equity ratio of 82.80, a current ratio of 1.65 and a quick ratio of 0.98. The firm has a 50-day simple moving average of GBX 644.90 and a two-hundred day simple moving average of GBX 633.36. The company has a market cap of £1.28 billion, a PE ratio of 20.71 and a beta of 1.18.

Volution Group (LON:FAN) last posted its quarterly earnings data on Thursday, October 8th. The company reported GBX 38.20 EPS for the quarter. Volution Group had a return on equity of 20.92% and a net margin of 12.89%. Research analysts anticipate that Volution Group plc will post 30.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Ronnie George sold 39,833 shares of the company’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of GBX 650, for a total transaction of £258,914.50. Also, insider Andy O’Brien sold 180,000 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of GBX 674, for a total transaction of £1,213,200. In the last three months, insiders sold 265,547 shares of company stock valued at $176,664,926. Company insiders own 1.23% of the company’s stock.

About Volution Group

Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics, Central Europe and Australasia.