Volution Group (LON:FAN) Shares Cross Above 50 Day Moving Average – What’s Next?

Volution Group plc (LON:FAN) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 654.52 and traded as high as GBX 665. Volution Group shares last traded at GBX 653, with a volume of 311,334 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on FAN. Jefferies Financial Group restated a “buy” rating and issued a GBX 850 target price on shares of Volution Group in a research note on Tuesday, August 4th. Berenberg Bank boosted their price objective on Volution Group from GBX 870 to GBX 880 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 758.75.

Volution Group Price Performance

The company has a debt-to-equity ratio of 100.88, a quick ratio of 0.98 and a current ratio of 2.74. The firm has a market capitalization of £1.27 billion, a P/E ratio of 24.96 and a beta of 1.16. The business has a fifty day moving average of GBX 654.74 and a 200-day moving average of GBX 623.61.

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.