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

Volution Group plc (LON:FAN) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 604.80 and traded as high as GBX 623. Volution Group shares last traded at GBX 620, with a volume of 456,401 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 840 price objective on shares of Volution Group in a research report on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 751.

Volution Group Stock Up 0.3%

The company has a quick ratio of 0.98, a current ratio of 2.74 and a debt-to-equity ratio of 100.88. The company has a fifty day moving average price of GBX 604.80 and a 200-day moving average price of GBX 625.72. The stock has a market capitalization of £1.23 billion, a P/E ratio of 24.22 and a beta of 1.16.

Volution Group Company Profile

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.