Volution Group (LON:FAN) Stock Passes Below 200-Day Moving Average – Here’s Why

Volution Group plc (LON:FAN) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 631.65 and traded as low as GBX 603. Volution Group shares last traded at GBX 613, with a volume of 420,222 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FAN shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 840 price objective on shares of Volution Group in a research note on Wednesday, March 18th. Berenberg Bank reissued a “buy” rating and set a GBX 870 price objective on shares of Volution Group in a research note on Thursday, March 12th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 751.

Volution Group Price Performance

The stock has a 50 day simple moving average of GBX 605.44 and a two-hundred day simple moving average of GBX 631.65. The company has a market cap of £1.21 billion, a price-to-earnings ratio of 23.95 and a beta of 1.18. The company has a debt-to-equity ratio of 100.88, a current ratio of 2.74 and a quick ratio of 0.98.

Volution Group (LON:FAN) last released its quarterly earnings data on Thursday, March 12th. The company reported GBX 18.20 earnings per share for the quarter. Volution Group had a return on equity of 18.46% and a net margin of 11.19%. On average, equities research analysts predict that Volution Group plc will post 30.0441826 earnings per share for the current fiscal year.

Volution Group Company Profile

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.