Volution Group (LON:FAN) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Volution Group plc (LON:FAN) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 624.30 and traded as low as GBX 603. Volution Group shares last traded at GBX 617, with a volume of 805,639 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FAN. Berenberg Bank reiterated a “buy” rating and set a GBX 870 target price on shares of Volution Group in a report on Thursday, July 23rd. Jefferies Financial Group restated a “buy” rating and set a GBX 840 price target on shares of Volution Group in a report on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 753.75.

Volution Group Stock Performance

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 business has a fifty day simple moving average of GBX 609.98 and a 200-day simple moving average of GBX 624.30. The firm has a market cap of £1.23 billion, a P/E ratio of 24.34 and a beta of 1.16.

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.