Volution Group (LON:FAN) Shares Cross 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 Wednesday . The stock has a 200-day moving average of GBX 628.77 and traded as low as GBX 608. Volution Group shares last traded at GBX 618, with a volume of 346,415 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FAN. Jefferies Financial Group restated a “buy” rating and issued a GBX 840 target price on shares of Volution Group in a report on Thursday, May 28th. Berenberg Bank reiterated a “buy” rating and set a GBX 870 price target on shares of Volution Group in a report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Volution Group presently has an average rating of “Moderate Buy” and an average target price of GBX 751.

Volution Group Trading Up 0.7%

The firm has a market cap of £1.22 billion, a PE ratio of 24.02 and a beta of 1.17. The firm has a fifty day simple moving average of GBX 609.80 and a two-hundred day simple moving average of GBX 628.66. The company has a current ratio of 2.74, a quick ratio of 0.98 and a debt-to-equity ratio of 100.88.

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.