Volex (LON:VLX) Stock Passes Above 200 Day Moving Average – Time to Sell?

Volex plc (LON:VLX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 536.90 and traded as high as GBX 571. Volex shares last traded at GBX 560, with a volume of 443,347 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on VLX. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 700 price objective on shares of Volex in a research note on Thursday, June 25th. Berenberg Bank reissued a “buy” rating and issued a GBX 700 price target on shares of Volex in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Volex from GBX 500 to GBX 590 and gave the company a “hold” rating in a research report on Friday, June 26th. Finally, Canaccord Genuity Group raised shares of Volex to a “buy” rating and upped their price target for the stock from GBX 590 to GBX 600 in a report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Volex currently has an average rating of “Moderate Buy” and an average price target of GBX 594.

Volex Trading Down 0.8%

The company has a quick ratio of 1.04, a current ratio of 1.74 and a debt-to-equity ratio of 46.75. The firm has a market capitalization of £1.02 billion, a P/E ratio of 15.92 and a beta of 1.21. The firm’s 50-day simple moving average is GBX 549.79 and its 200-day simple moving average is GBX 537.04.

Volex (LON:VLX) last announced its quarterly earnings results on Friday, June 26th. The company reported GBX 35.20 earnings per share (EPS) 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%. Analysts anticipate that Volex plc will post 30.9454191 EPS for the current year.

Insider Activity

In other Volex news, insider Nathaniel Rothschild bought 7,500 shares of Volex stock in a transaction dated Thursday, July 9th. The shares were purchased at an average cost of GBX 510 per share, with a total value of £38,250. Company insiders own 35.11% of the company’s stock.

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.