Volex (LON:VLX) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Volex plc (LON:VLX) shares have recently crossed above their 200-day moving average, with the last trading price at GBX 361 ($4.88).
• Analysts have shown optimism, with Berenberg Bank and Jefferies Financial Group maintaining a "buy" rating and setting a price target of GBX 430 ($5.82) for the stock.
• Volex has a market capitalization of £839.61 million and operates in five key sectors, including Electric Vehicles and medical technology.

Volex plc (LON:VLX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 293.77 ($3.97) and traded as high as GBX 364 ($4.92). Volex shares last traded at GBX 361 ($4.88), with a volume of 158,770 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on VLX shares. Berenberg Bank upped their target price on Volex from GBX 415 to GBX 430 and gave the company a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 430 target price on shares of Volex in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 400.

Volex Trading Up 0.3%

The company has a fifty day moving average of GBX 353.45 and a 200-day moving average of GBX 294.82. The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 64.83. The company has a market capitalization of £836.13 million, a price-to-earnings ratio of 19.41 and a beta of 1.03.

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