Volex (LON:VLX) Shares Pass Below Two Hundred Day Moving Average of $281.71

Volex plc (LON:VLXGet Rating)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 281.71 ($3.45) and traded as low as GBX 233.50 ($2.86). Volex shares last traded at GBX 235.50 ($2.88), with a volume of 202,269 shares changing hands.

Separately, Canaccord Genuity Group decreased their price objective on shares of Volex from GBX 510 ($6.25) to GBX 440 ($5.39) and set a “buy” rating on the stock in a research report on Thursday, April 21st.

The firm has a market cap of £372.83 million and a P/E ratio of 11.52. The company has a debt-to-equity ratio of 31.46, a current ratio of 1.56 and a quick ratio of 0.95. The company’s 50-day simple moving average is GBX 256.63 and its 200 day simple moving average is GBX 280.90.

In related news, insider Nathaniel Rothschild purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was bought at an average price of GBX 245 ($3.00) per share, with a total value of £12,250 ($15,004.90).

About Volex (LON:VLX)

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. The company designs, manufactures, and sells power cords, duck heads, and related products to manufacturers of a range of electrical and electronic devices and appliances for use in laptops, PCs, tablets, printers, TVs, games consoles, power tools, kitchen appliances, and electric and autonomous vehicles.

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