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

Volex plc (LON:VLX)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 359.30 and traded as high as GBX 419.28. Volex shares last traded at GBX 415.10, with a volume of 1,368,973 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Peel Hunt reissued a “buy” rating and issued a GBX 380 price objective on shares of Volex in a research report on Thursday, October 16th. Jefferies Financial Group increased their price objective on Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Berenberg Bank raised their price objective on Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 415.

Volex Trading Up 1.9%

The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 64.83. The firm has a market cap of £761.76 million, a price-to-earnings ratio of 13.65 and a beta of 1.03. The company has a fifty day moving average price of GBX 386.56 and a 200-day moving average price of GBX 359.30.

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.