Volution Group (LON:FAN) Share Price Breaks Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Volution Group shares fell below their 200-day moving average, reaching GBX 615 and last trading at GBX 616, compared with the 200-day average of GBX 630.45.
• Despite the technical weakness, three analysts maintained Buy ratings, with target prices ranging from GBX 735 to GBX 880 and a consensus target of GBX 821.67.
• Insiders sold a significant number of shares recently, including transactions by Andy O’Brien and Ronnie George; insiders sold 265,547 shares in the last quarter while retaining a 1.16% ownership stake.

Volution Group plc (LON:FAN - Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 630.45 and traded as low as GBX 615. Volution Group shares last traded at GBX 616, with a volume of 451,650 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have commented on FAN. Peel Hunt restated a "buy" rating and set a GBX 735 target price on shares of Volution Group in a research report on Thursday, October 8th. Berenberg Bank reiterated a "buy" rating and issued a GBX 880 price objective on shares of Volution Group in a research report on Thursday, October 8th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 850 target price on shares of Volution Group in a research report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of GBX 821.67.

Volution Group Price Performance

The company has a debt-to-equity ratio of 82.80, a current ratio of 1.65 and a quick ratio of 0.98. The firm has a market capitalization of £1.22 billion, a price-to-earnings ratio of 24.06 and a beta of 1.16. The company's 50-day moving average is GBX 650.79 and its 200-day moving average is GBX 630.45.

Volution Group (LON:FAN - Get Free Report) last announced its quarterly earnings results on Thursday, October 8th. The company reported GBX 38.20 EPS for the quarter. Volution Group had a return on equity of 20.92% and a net margin of 12.89%. On average, research analysts expect that Volution Group plc will post 30.04 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Andy O'Brien sold 32,578 shares of the company's stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of GBX 642, for a total value of £209,150.76. Also, insider Ronnie George sold 39,833 shares of the company's stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of GBX 650, for a total transaction of £258,914.50. Insiders have sold 265,547 shares of company stock worth $176,664,926 in the last quarter. Insiders own 1.16% of the company's stock.

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.

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