Volex (LON:VLX) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Volex plc (LON:VLX)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 321.89 ($4.02) and traded as low as GBX 282 ($3.52). Volex shares last traded at GBX 287 ($3.58), with a volume of 317,967 shares trading hands.

Volex Stock Down 1.6 %

The firm has a market cap of £510.11 million, a P/E ratio of 1,765.63 and a beta of 1.03. The company’s 50-day simple moving average is GBX 284.80 and its 200 day simple moving average is GBX 321.25. The company has a debt-to-equity ratio of 54.77, a current ratio of 1.49 and a quick ratio of 1.04.

Volex Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, November 28th were issued a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 0.44%. The ex-dividend date was Thursday, November 28th. Volex’s payout ratio is 2,500.00%.

Insiders Place Their Bets

In other news, insider John Wilson purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were bought at an average cost of GBX 272 ($3.40) per share, for a total transaction of £27,200 ($33,961.79). Also, insider Jon Boaden sold 6,035 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of GBX 264 ($3.30), for a total transaction of £15,932.40 ($19,893.12). 32.77% of the stock is currently owned by insiders.

Volex Company Profile

Volex plc (AIM: VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key sectors: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway.