Volution Group (LON:FAN) Share Price Passes Above 50 Day Moving Average – Here’s Why

Volution Group plc (LON:FAN) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 612.40 and traded as high as GBX 619. Volution Group shares last traded at GBX 602, with a volume of 569,564 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FAN. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 870 price target on shares of Volution Group in a research note on Thursday, March 12th. Jefferies Financial Group reissued a “buy” rating and set a GBX 840 price objective on shares of Volution Group in a research report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 751.

Volution Group Trading Up 1.0%

The firm has a market cap of £1.19 billion, a PE ratio of 23.52 and a beta of 1.17. 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 stock’s fifty day simple moving average is GBX 612.40 and its two-hundred day simple moving average is GBX 629.49.

Volution Group (LON:FAN) last released its earnings results on Thursday, March 12th. The company reported GBX 18.20 earnings per share (EPS) for the quarter. Volution Group had a net margin of 11.19% and a return on equity of 18.46%. On average, sell-side analysts forecast that Volution Group plc will post 30.0441826 EPS for the current fiscal year.

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.