Volution Group (LON:FAN) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Volution Group plc (LON:FAN) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 565.70 ($7.65) and traded as high as GBX 610 ($8.25). Volution Group shares last traded at GBX 600.48 ($8.12), with a volume of 205,486 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 700 ($9.47) price objective on shares of Volution Group in a report on Thursday, March 13th.

Volution Group Trading Up 0.1%

The company has a 50-day moving average price of GBX 565.70 and a 200 day moving average price of GBX 550.61. The stock has a market capitalization of £1.18 billion, a P/E ratio of 27.64 and a beta of 1.36. The company has a current ratio of 1.28, a quick ratio of 0.98 and a debt-to-equity ratio of 34.97.

Volution Group (LON:FAN) last announced its earnings results on Thursday, March 13th. The company reported GBX 15.30 ($0.21) EPS for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. On average, research analysts forecast that Volution Group plc will post 30.0441826 earnings per share for the current fiscal year.

Volution Group Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, March 27th were issued a GBX 3.40 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a dividend yield of 0.6%. Volution Group’s dividend payout ratio is presently 36.83%.

Volution Group Company Profile

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial constructions in the United Kingdom, Continental Europe, and Australasia. The company offers unitary extractor fans for use in bathrooms and kitchens; mechanical and decentralized mechanical ventilation with heat recovery; centralized mechanical extract ventilation; positive input ventilation; single room and incline fans; passive ventilation; thermal destratification; and ducting.