Volution Group (LON:FAN) Shares Pass Below 50 Day Moving Average - Here's What Happened

Key Points

• Volution Group (LON:FAN) shares fell below their fifty-day moving average of GBX 638.06 ($8.53) during recent trading, reaching a low of GBX 638 ($8.53) before closing at GBX 646.65 ($8.65).
• Several brokerages have upgraded their price targets for Volution Group, with Jefferies Financial Group increasing theirs from GBX 780 to GBX 820, indicating a growing bullish sentiment toward the stock.
• Insiders have sold a total of 164,052 shares over the last ninety days, which raises concerns as it accounts for a notable portion of insider ownership at just 1.58% of the total stock.

Volution Group plc (LON:FAN - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 638.06 ($8.53) and traded as low as GBX 638 ($8.53). Volution Group shares last traded at GBX 646.65 ($8.65), with a volume of 688,867 shares trading hands.

Analyst Ratings Changes

A number of brokerages have commented on FAN. Jefferies Financial Group increased their price objective on Volution Group from GBX 780 to GBX 820 and gave the company a "buy" rating in a research report on Friday, October 10th. Royal Bank Of Canada increased their price objective on Volution Group from GBX 700 to GBX 740 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Berenberg Bank increased their price objective on Volution Group from GBX 720 to GBX 730 and gave the company a "buy" rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft increased their price objective on Volution Group from GBX 600 to GBX 680 and gave the company a "hold" rating in a research report on Tuesday, October 14th. Finally, Peel Hunt reiterated a "buy" rating and issued a GBX 625 price objective on shares of Volution Group in a research report on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Volution Group currently has an average rating of "Moderate Buy" and a consensus price target of GBX 719.

Volution Group Trading Up 1.7%

The company has a debt-to-equity ratio of 34.97, a current ratio of 1.28 and a quick ratio of 0.98. The business has a 50 day moving average of GBX 638.06 and a 200 day moving average of GBX 611.32. The firm has a market capitalization of £1.31 billion, a price-to-earnings ratio of 33.48 and a beta of 1.36.

Volution Group (LON:FAN - Get Free Report) last announced its quarterly earnings data on Thursday, October 9th. The company reported GBX 33.10 EPS for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. As a group, research analysts predict that Volution Group plc will post 30.0441826 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ronnie George sold 41,444 shares of Volution Group stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of GBX 656, for a total transaction of £271,872.64. Also, insider Andy O'Brien sold 93,607 shares of Volution Group stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of GBX 649, for a total value of £607,509.43. Over the last ninety days, insiders have sold 164,052 shares of company stock valued at $106,962,863. 1.58% of the stock is owned by insiders.

About Volution Group

Volution Group plc LSE: FAN is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics, Central Europe and Australasia.

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