Volex (LON:VLX) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Volex plc (LON:VLXGet Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 397.70 and traded as high as GBX 495. Volex shares last traded at GBX 488.17, with a volume of 274,666 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Berenberg Bank lifted their target price on Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Jefferies Financial Group lifted their price objective on shares of Volex from GBX 470 to GBX 500 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Volex has an average rating of “Buy” and a consensus target price of GBX 422.50.

Check Out Our Latest Research Report on VLX

Volex Price Performance

The stock has a 50-day moving average of GBX 445.93 and a two-hundred day moving average of GBX 397.70. The firm has a market cap of £895.33 million, a price-to-earnings ratio of 16.04 and a beta of 1.03. The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 64.83.

Insider Activity at Volex

In other news, insider Nathaniel Rothschild bought 95,000 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were acquired at an average cost of GBX 399 per share, with a total value of £379,050. 35.06% of the stock is currently owned by insiders.

About Volex

(Get Free Report)

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. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.

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