Volex (LON:VLX) Stock Price Passes Above 200 Day Moving Average of $330.00

Volex plc (LON:VLX) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 330 ($4.36) and traded as high as GBX 330.50 ($4.37). Volex shares last traded at GBX 323 ($4.27), with a volume of 1,440,862 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 400 ($5.28) price objective on shares of Volex in a report on Monday, July 1st.

Volex Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.49 and a debt-to-equity ratio of 54.77. The business has a 50-day simple moving average of GBX 351.90 and a two-hundred day simple moving average of GBX 330. The stock has a market capitalization of £583.24 million, a price-to-earnings ratio of 2,018.75 and a beta of 1.04.

Volex Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, July 25th were issued a GBX 2.80 ($0.04) dividend. This represents a yield of 0.79%. This is an increase from Volex’s previous dividend of $1.40. The ex-dividend date of this dividend was Thursday, July 25th. Volex’s dividend payout ratio is presently 2,500.00%.

Insider Buying and Selling

In other Volex news, insider Nathaniel Rothschild bought 107,813 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of GBX 355 ($4.69) per share, with a total value of £382,736.15 ($505,595.97). Insiders own 32.77% of the company’s stock.

Volex Company Profile

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.