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

Key Points

• Volex shares rose above their 200-day moving average, reaching GBX 550 before last trading at GBX 545, near the 50-day average of GBX 544.98.
• Analysts remain broadly positive: four rate Volex a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of GBX 594.
• The company reported quarterly earnings per share of GBX 35.20, with a 15.29% return on equity and 5.29% net margin. Insider Nathaniel Rothschild also purchased 7,500 shares, and insiders own 35.11% of the company.

Volex plc (LON:VLX - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 540.31 and traded as high as GBX 550. Volex shares last traded at GBX 545, with a volume of 539,541 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VLX. Berenberg Bank restated a "buy" rating and issued a GBX 700 target price on shares of Volex in a report on Tuesday, July 14th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 700 price target on shares of Volex in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Volex from GBX 500 to GBX 590 and gave the company a "hold" rating in a report on Friday, June 26th. Finally, Canaccord Genuity Group raised shares of Volex to a "buy" rating and boosted their price objective for the company from GBX 590 to GBX 600 in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 594.

Volex Price Performance

The company has a 50 day simple moving average of GBX 544.98 and a 200 day simple moving average of GBX 540.31. The company has a market capitalization of £1.00 billion, a price-to-earnings ratio of 15.62 and a beta of 1.21. The company has a quick ratio of 1.04, a current ratio of 1.74 and a debt-to-equity ratio of 46.75.

Volex (LON:VLX - Get Free Report) last released its quarterly earnings data on Friday, June 26th. The company reported GBX 35.20 earnings per share for the quarter. Volex had a return on equity of 15.29% and a net margin of 5.29%.The business had revenue of GBX 124.26 billion for the quarter. As a group, research analysts predict that Volex plc will post 30.9454191 EPS for the current year.

Insider Buying and Selling

In other Volex news, insider Nathaniel Rothschild purchased 7,500 shares of Volex stock in a transaction on Thursday, July 9th. The shares were purchased at an average cost of GBX 510 per share, with a total value of £38,250. Insiders own 35.11% of the company's stock.

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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