Volex (LON:VLX) Share Price Passes Above 200 Day Moving Average of $266.74

Shares of Volex plc (LON:VLXGet Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 266.74 ($3.15) and traded as high as GBX 301.77 ($3.57). Volex shares last traded at GBX 295 ($3.49), with a volume of 992,497 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “not rated” rating on shares of Volex in a research report on Friday, August 19th.

Volex Stock Down 1.3 %

The company has a market cap of £469.33 million and a PE ratio of 1,966.67. The business has a 50-day simple moving average of GBX 256.25 and a 200-day simple moving average of GBX 266.74. The company has a quick ratio of 1.04, a current ratio of 1.78 and a debt-to-equity ratio of 69.69.

Volex Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, November 17th will be given a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a dividend yield of 0.48%. Volex’s dividend payout ratio (DPR) is presently 31.04%.

Volex Company Profile

(Get Rating)

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as box builds, wire and cable harnesses, electrical control panels, electromechanical assemblies and systems, printed circuit board assemblies, and ruggedized harness and overmoulding, as well as high mix and low volume manufacturing.

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