Volex (LON:VLX) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Volex plc (LON:VLX - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 272.61 ($3.69) and traded as high as GBX 283.50 ($3.84). Volex shares last traded at GBX 280.50 ($3.80), with a volume of 287,812 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price objective on Volex from GBX 430 ($5.82) to GBX 340 ($4.61) and set a "buy" rating on the stock in a research report on Tuesday, April 8th.

Volex Trading Down 2.1%

The business's fifty day moving average is GBX 251.17 and its 200-day moving average is GBX 270.69. 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 firm has a market cap of £656.38 million, a P/E ratio of 15.23 and a beta of 1.03.

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 sectors: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway.