Volution Group (LON:FAN) Shares Pass Below 200-Day Moving Average – Time to Sell?

Volution Group plc (LON:FAN)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 553.82 ($7.08) and traded as low as GBX 500 ($6.40). Volution Group shares last traded at GBX 502 ($6.42), with a volume of 1,386,826 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 700 ($8.95) target price on shares of Volution Group in a report on Wednesday, December 11th.

Volution Group Stock Performance

The stock has a market cap of £1.02 billion, a P/E ratio of 23.71 and a beta of 1.36. The company has a fifty day moving average of GBX 530.95 and a 200 day moving average of GBX 553.82. The company has a debt-to-equity ratio of 34.97, a current ratio of 1.28 and a quick ratio of 0.98.

About Volution Group

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial constructions in the United Kingdom, Continental Europe, and Australasia. The company offers unitary extractor fans for use in bathrooms and kitchens; mechanical and decentralized mechanical ventilation with heat recovery; centralized mechanical extract ventilation; positive input ventilation; single room and incline fans; passive ventilation; thermal destratification; and ducting.