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Volution Group (LON:FAN) Shares Cross Above 50-Day Moving Average - Here's Why

Volution Group logo with Industrials background

Volution Group plc (LON:FAN - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 553.56 ($7.51) and traded as high as GBX 633 ($8.59). Volution Group shares last traded at GBX 622 ($8.44), with a volume of 362,931 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 700 ($9.50) target price on shares of Volution Group in a research note on Thursday, March 13th.

Check Out Our Latest Report on FAN

Volution Group Stock Up 0.8%

The company has a market cap of £1.22 billion, a price-to-earnings ratio of 28.49 and a beta of 1.36. The company has a current ratio of 1.28, a quick ratio of 0.98 and a debt-to-equity ratio of 34.97. The firm's fifty day moving average price is GBX 556.18 and its 200-day moving average price is GBX 548.22.

Volution Group (LON:FAN - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported GBX 15.30 ($0.21) earnings per share for the quarter. Volution Group had a net margin of 12.31% and a return on equity of 17.78%. Sell-side analysts predict that Volution Group plc will post 30.0441826 earnings per share for the current year.

Volution Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, March 27th were given a dividend of GBX 3.40 ($0.05) per share. The ex-dividend date was Thursday, March 27th. This represents a yield of 0.6%. Volution Group's dividend payout ratio (DPR) is presently 36.83%.

About Volution Group

(Get Free Report)

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial constructions in the United Kingdom, Continental Europe, and Australasia. The company offers unitary extractor fans for use in bathrooms and kitchens; mechanical and decentralized mechanical ventilation with heat recovery; centralized mechanical extract ventilation; positive input ventilation; single room and incline fans; passive ventilation; thermal destratification; and ducting.

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