Volution Group (LON:FAN) Share Price Breaks Below 50 Day Moving Average – What’s Next?

Volution Group plc (LON:FAN)’s stock price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 644.90 and traded as low as GBX 616. Volution Group shares last traded at GBX 643, with a volume of 212,561 shares traded.

Analyst Upgrades and Downgrades

FAN has been the topic of a number of research analyst reports. Peel Hunt reissued a “buy” rating and issued a GBX 735 target price on shares of Volution Group in a research note on Thursday, October 8th. Jefferies Financial Group restated a “buy” rating and set a GBX 900 price target on shares of Volution Group in a research report on Wednesday, October 28th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 880 price target on shares of Volution Group in a research note on Thursday, October 8th. Three 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 838.33.

Volution Group Price Performance

The stock has a market capitalization of £1.29 billion, a PE ratio of 21.00 and a beta of 1.18. The firm’s 50 day simple moving average is GBX 644.58 and its 200 day simple moving average is GBX 633.41. The company has a debt-to-equity ratio of 82.80, a current ratio of 1.65 and a quick ratio of 0.98.

Volution Group (LON:FAN) last announced its quarterly earnings data on Thursday, October 8th. The company reported GBX 38.20 earnings per share for the quarter. Volution Group had a net margin of 12.89% and a return on equity of 20.92%. As a group, equities analysts forecast that Volution Group plc will post 30.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Volution Group news, insider Ronnie George sold 39,833 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of GBX 650, for a total transaction of £258,914.50. Also, insider Andy O’Brien sold 180,000 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of GBX 674, for a total transaction of £1,213,200. In the last quarter, insiders sold 265,547 shares of company stock worth $176,664,926. 1.23% of the stock is owned by corporate insiders.

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.