Volex (LON:VLX) Stock Passes Above Two Hundred Day Moving Average of $301.37

Volex plc (LON:VLX) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 301.37 ($3.79) and traded as high as GBX 335 ($4.21). Volex shares last traded at GBX 332.50 ($4.18), with a volume of 315,528 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 400 ($5.03) price target on shares of Volex in a research report on Friday, April 19th.

Volex Price Performance

The business’s 50-day simple moving average is GBX 292.47 and its 200 day simple moving average is GBX 301.37. The company has a market capitalization of £611.15 million, a P/E ratio of 1,955.88 and a beta of 0.99. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 70.82.

Insider Activity at Volex

In other Volex news, insider Jon Boaden sold 20,171 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of GBX 293 ($3.68), for a total value of £59,101.03 ($74,247.53). Company insiders own 33.98% of the company’s stock.

About Volex

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.