Volex (LON:VLX) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Volex plc (LON:VLX) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 277.54 ($3.69) and traded as low as GBX 256 ($3.41). Volex shares last traded at GBX 259 ($3.45), with a volume of 181,301 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their target price on shares of Volex from GBX 430 ($5.72) to GBX 340 ($4.52) and set a “buy” rating for the company in a research note on Tuesday, April 8th.

Volex Stock Up 0.4 %

The company has a 50 day simple moving average of GBX 250.96 and a two-hundred day simple moving average of GBX 277.54. The company has a market capitalization of £600.71 million, a P/E ratio of 13.94 and a beta of 1.03. The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 64.83.

About Volex

Volex plc (AIM: VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key sectors: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway.