Volution Group (LON:FAN) Share Price Breaks Above Fifty Day Moving Average – Here’s What Happened

Volution Group plc (LON:FAN) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 648.41 and traded as high as GBX 656. Volution Group shares last traded at GBX 655, with a volume of 236,471 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FAN. Jefferies Financial Group reissued a “buy” rating and issued a GBX 900 price target on shares of Volution Group in a research report on Wednesday, October 28th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 880 price objective on shares of Volution Group in a report on Thursday, October 8th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 735 price objective on shares of Volution Group in a research note on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat, Volution Group currently has an average rating of “Buy” and an average price target of GBX 838.33.

Volution Group Price Performance

The business has a fifty day moving average of GBX 648.41 and a 200-day moving average of GBX 633.35. The firm has a market cap of £1.29 billion, a PE ratio of 25.51 and a beta of 1.15. The company has a current ratio of 1.65, a quick ratio of 0.98 and a debt-to-equity ratio of 82.80.

Volution Group (LON:FAN) last issued its earnings results on Thursday, October 8th. The company reported GBX 38.20 EPS for the quarter. Volution Group had a return on equity of 20.92% and a net margin of 12.89%. As a group, research analysts predict that Volution Group plc will post 30.04 earnings per share for the current year.

Insider Transactions at Volution Group

In related news, insider Ronnie George sold 39,833 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of GBX 650, for a total transaction of £258,914.50. Also, insider Andy O’Brien sold 32,578 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of GBX 642, for a total transaction of £209,150.76. Over the last three months, insiders sold 265,547 shares of company stock worth $176,664,926. Insiders own 1.16% of the company’s stock.

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.