Volution Group (LON:FAN) Stock Crosses Below 50 Day Moving Average – Here’s Why

Volution Group plc (LON:FAN)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 613.80 and traded as low as GBX 595. Volution Group shares last traded at GBX 596, with a volume of 262,489 shares.

Analysts Set New Price Targets

FAN has been the topic of several research analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 870 target price on shares of Volution Group in a report on Thursday, March 12th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 840 price target on shares of Volution Group in a report on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Volution Group has an average rating of “Moderate Buy” and an average price target of GBX 751.

Volution Group Trading Up 2.5%

The company has a quick ratio of 0.98, a current ratio of 2.74 and a debt-to-equity ratio of 100.88. The firm has a market cap of £1.22 billion, a price-to-earnings ratio of 23.98 and a beta of 1.17. The business’s fifty day moving average is GBX 612.72 and its two-hundred day moving average is GBX 629.04.

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.