Volex (LON:VLX) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Volex plc (LON:VLX)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 321.89 ($3.98) and traded as low as GBX 282 ($3.48). Volex shares last traded at GBX 287 ($3.54), with a volume of 317,967 shares trading hands.

Volex Trading Down 1.0 %

The stock has a market cap of £518.24 million, a PE ratio of 1,793.75 and a beta of 1.03. The company has a debt-to-equity ratio of 54.77, a quick ratio of 1.04 and a current ratio of 1.49. The stock has a fifty day moving average price of GBX 286.41 and a 200 day moving average price of GBX 321.89.

Volex Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, November 28th were given a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 0.44%. The ex-dividend date of this dividend was Thursday, November 28th. Volex’s dividend payout ratio (DPR) is 2,500.00%.

Insider Activity

In other Volex news, insider John Wilson acquired 10,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were bought at an average price of GBX 272 ($3.36) per share, with a total value of £27,200 ($33,596.84). Also, insider Jon Boaden sold 6,035 shares of Volex stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of GBX 264 ($3.26), for a total value of £15,932.40 ($19,679.35). Insiders own 32.77% of the company’s stock.

About Volex

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.