Volution Group (LON:FAN) Stock Price Breaks Below 200-Day Moving Average – Time to Sell?

Shares of Volution Group plc (LON:FAN) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 630.45 and traded as low as GBX 615. Volution Group shares last traded at GBX 616, with a volume of 451,650 shares.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 735 price objective on shares of Volution Group in a research report on Thursday, October 8th. Berenberg Bank reissued a “buy” rating and issued a GBX 880 target price on shares of Volution Group in a research report on Thursday, October 8th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 850 target price on shares of Volution Group in a research note on Thursday, October 8th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 821.67.

Volution Group Price Performance

The company has a debt-to-equity ratio of 82.80, a current ratio of 1.65 and a quick ratio of 0.98. The business’s 50 day moving average price is GBX 649.57 and its 200 day moving average price is GBX 630.34. The stock has a market capitalization of £1.22 billion, a P/E ratio of 23.98 and a beta of 1.15.

Volution Group (LON:FAN) last posted its quarterly earnings data on Thursday, October 8th. The company reported GBX 38.20 EPS for the quarter. Volution Group had a return on equity of 20.92% and a net margin of 12.89%. Sell-side analysts forecast that Volution Group plc will post 30.04 EPS for the current year.

Insider Activity

In other news, insider Ronnie George sold 39,833 shares of the firm’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of GBX 650, for a total transaction of £258,914.50. Also, insider Andy O’Brien sold 180,000 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of GBX 674, for a total value of £1,213,200. Insiders sold 265,547 shares of company stock worth $176,664,926 over the last 90 days. Company insiders own 1.16% of the company’s stock.

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.