Volex (LON:VLX) Shares Break Above 200-Day Moving Average - Time to Sell?

Key Points

• Volex shares crossed above their 200-day moving average, reaching GBX 561 and last trading at GBX 560 on volume of more than 32.4 million shares.
• Analyst sentiment remains positive: three analysts rate Volex a “Buy” and one rates it a “Hold,” producing a consensus “Moderate Buy” rating and a GBX 700 price target.
• Volex has a market capitalization of approximately £1.02 billion, a P/E ratio of 16.05, and a 50-day moving average of GBX 614.19—above its current share price.

Volex plc (LON:VLX - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 550.59 and traded as high as GBX 561. Volex shares last traded at GBX 560, with a volume of 32,419,732 shares.

Wall Street Analyst Weigh In

VLX has been the topic of several research reports. Berenberg Bank raised their price target on shares of Volex from GBX 700 to GBX 750 and gave the company a "buy" rating in a report on Tuesday, October 20th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 710 price target on shares of Volex in a research report on Monday, October 19th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 750 price objective on shares of Volex in a research note on Monday, October 19th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 700.

Volex Trading Up 2.4%

The company has a debt-to-equity ratio of 46.75, a quick ratio of 1.04 and a current ratio of 1.74. The business's 50 day moving average price is GBX 614.19 and its 200-day moving average price is GBX 550.59. The firm has a market cap of £1.02 billion, a price-to-earnings ratio of 16.05 and a beta of 1.21.

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. 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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