Volex (LON:VLX) Stock Price Crosses Above 200-Day Moving Average of $266.74

Volex plc (LON:VLXGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 266.74 ($3.15) and traded as high as GBX 301.77 ($3.57). Volex shares last traded at GBX 295 ($3.49), with a volume of 992,497 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “not rated” rating on shares of Volex in a research note on Friday, August 19th.

Volex Trading Down 1.3 %

The business has a fifty day simple moving average of GBX 256.25 and a 200 day simple moving average of GBX 266.74. The stock has a market cap of £469.33 million and a price-to-earnings ratio of 1,966.67. The company has a debt-to-equity ratio of 69.69, a quick ratio of 1.04 and a current ratio of 1.78.

Volex Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, November 17th will be issued a dividend of GBX 1.30 ($0.02) per share. This represents a yield of 0.48%. The ex-dividend date of this dividend is Thursday, November 17th. Volex’s dividend payout ratio (DPR) is presently 31.04%.

About Volex

(Get Rating)

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as box builds, wire and cable harnesses, electrical control panels, electromechanical assemblies and systems, printed circuit board assemblies, and ruggedized harness and overmoulding, as well as high mix and low volume manufacturing.

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