Volex (LON:VLX) Shares Cross Above 200-Day Moving Average – What’s Next?

Volex plc (LON:VLX)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 480.71 and traded as high as GBX 704. Volex shares last traded at GBX 695, with a volume of 1,020,793 shares traded.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VLX. Jefferies Financial Group reiterated a “buy” rating and set a GBX 540 price target on shares of Volex in a research note on Wednesday, April 22nd. Canaccord Genuity Group lifted their price target on shares of Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 472.50.

Volex Stock Down 0.1%

The company’s 50 day moving average price is GBX 569.24 and its two-hundred day moving average price is GBX 480.71. The firm has a market cap of £1.28 billion, a PE ratio of 22.86 and a beta of 1.16. The company has a current ratio of 1.66, a quick ratio of 1.04 and a debt-to-equity ratio of 51.32.

Insider Activity at Volex

In other news, insider Nathaniel Rothschild acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of GBX 430 per share, for a total transaction of £21,500. 35.06% of the stock is owned by insiders.

About Volex

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.