Volex (LON:VLX) Shares Cross Above 200 Day Moving Average of $331.71

Volex plc (LON:VLX) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 331.71 ($4.44) and traded as high as GBX 338.88 ($4.54). Volex shares last traded at GBX 334.50 ($4.48), with a volume of 385,136 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 400 ($5.36) price target on shares of Volex in a report on Monday, July 1st.

Volex Stock Performance

The company has a market cap of £607.62 million, a P/E ratio of 2,103.13 and a beta of 1.04. The stock has a fifty day moving average price of GBX 348.80 and a two-hundred day moving average price of GBX 332.12. The company has a debt-to-equity ratio of 54.77, a current ratio of 1.49 and a quick ratio of 1.04.

Insider Buying and Selling

In other news, insider Nathaniel Rothschild bought 107,813 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average price of GBX 355 ($4.75) per share, with a total value of £382,736.15 ($512,501.54). 32.77% of the stock is owned by corporate insiders.

About Volex

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.