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

Shares of Volex plc (LON:VLX - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 286.81 ($3.81) and traded as high as GBX 371 ($4.92). Volex shares last traded at GBX 370 ($4.91), with a volume of 263,939 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VLX. Berenberg Bank lifted their price objective on shares of Volex from GBX 415 ($5.51) to GBX 430 ($5.71) and gave the company a "buy" rating in a research note on Friday, July 11th. Canaccord Genuity Group decreased their price target on shares of Volex from GBX 430 ($5.71) to GBX 340 ($4.51) and set a "buy" rating on the stock in a report on Tuesday, April 8th.

Volex Stock Down 1.4%

The stock's 50 day simple moving average is GBX 336.90 and its two-hundred day simple moving average is GBX 288.92. The firm has a market cap of £851.56 million, a P/E ratio of 19.76 and a beta of 1.03. The company has a debt-to-equity ratio of 64.83, a current ratio of 1.53 and a quick ratio of 1.04.

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.