Volution Group (LON:FAN) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Volution Group plc (LON:FAN)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 555.79 ($7.19) and traded as low as GBX 530 ($6.85). Volution Group shares last traded at GBX 530 ($6.85), with a volume of 304,117 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 700 ($9.05) price target on shares of Volution Group in a research report on Thursday, March 13th.

Volution Group Stock Down 1.5 %

The company has a market capitalization of £1.05 billion, a price-to-earnings ratio of 24.40 and a beta of 1.36. The company has a quick ratio of 0.98, a current ratio of 1.28 and a debt-to-equity ratio of 34.97. The business has a 50-day moving average price of GBX 534.65 and a 200-day moving average price of GBX 555.79.

Volution Group (LON:FAN) last posted its quarterly earnings data on Thursday, March 13th. The company reported GBX 15.30 ($0.20) earnings per share (EPS) for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. As a group, equities analysts anticipate that Volution Group plc will post 30.0441826 earnings per share for the current fiscal year.

Volution Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, March 27th will be issued a GBX 3.40 ($0.04) dividend. The ex-dividend date is Thursday, March 27th. This represents a dividend yield of 0.6%. Volution Group’s payout ratio is currently 36.83%.

Volution Group Company Profile

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.