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

Volution Group plc (LON:FAN)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 551.31 ($6.86) and traded as low as GBX 531 ($6.61). Volution Group shares last traded at GBX 533 ($6.64), with a volume of 182,222 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 700 ($8.72) price objective on shares of Volution Group in a research note on Wednesday, December 11th.

Volution Group Stock Down 0.9 %

The business has a fifty day moving average of GBX 550.51 and a 200 day moving average of GBX 551.31. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 47.31. The firm has a market cap of £1.05 billion, a P/E ratio of 2,538.10 and a beta of 1.36.

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.