Volex (LON:VLX) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Volex plc (LON:VLX)’s share price passed 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 traded.

Analyst Ratings Changes

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

Volex Price Performance

The company has a debt-to-equity ratio of 64.83, a quick ratio of 1.04 and a current ratio of 1.53. The stock has a market capitalization of £761.76 million, a PE ratio of 13.65 and a beta of 1.03. The stock’s 50 day moving average is GBX 386.56 and its two-hundred day moving average is 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.