Volution Group (LON:FAN) Shares Pass Below 200-Day Moving Average – Here’s Why

Volution Group plc (LON:FAN)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 628.77 and traded as low as GBX 608. Volution Group shares last traded at GBX 618, with a volume of 346,415 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Berenberg Bank restated a “buy” rating and set a GBX 870 target price on shares of Volution Group in a research report on Thursday, March 12th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 840 price target on shares of Volution Group in a research note on Thursday, May 28th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Volution Group has a consensus rating of “Moderate Buy” and an average price target of GBX 751.

Volution Group Price Performance

The company has a quick ratio of 0.98, a current ratio of 2.74 and a debt-to-equity ratio of 100.88. The business has a 50-day moving average price of GBX 610.50 and a two-hundred day moving average price of GBX 628.77. The company has a market capitalization of £1.22 billion, a price-to-earnings ratio of 24.14 and a beta of 1.17.

About Volution Group

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.