Volex (LON:VLX) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Volex plc (LON:VLX - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 274.47 ($3.71) and traded as high as GBX 284.50 ($3.85). Volex shares last traded at GBX 269 ($3.64), with a volume of 1,108,262 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price target on shares of Volex from GBX 430 ($5.82) to GBX 340 ($4.60) and set a "buy" rating on the stock in a report on Tuesday, April 8th.

Volex Trading Up 0.5%

The company has a fifty day simple moving average of GBX 249.82 and a two-hundred day simple moving average of GBX 272.88. The company has a market capitalization of £637.82 million, a P/E ratio of 14.80 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.