Berenberg Bank reissued their buy rating on shares of Volex (LON:VLX - Free Report) in a research report sent to investors on Friday morning, MarketBeat.com reports. The brokerage currently has a GBX 400 ($4.94) price objective on the stock.
Volex Trading Up 2.9 %
LON:VLX traded up GBX 9 ($0.11) on Friday, reaching GBX 318 ($3.93). 827,012 shares of the stock traded hands, compared to its average volume of 396,527. The firm has a market capitalization of £577.55 million, a price-to-earnings ratio of 1,929.76 and a beta of 0.99. The company's 50 day moving average is GBX 288.63 and its 200-day moving average is GBX 298.90. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 70.82. Volex has a 1-year low of GBX 232 ($2.87) and a 1-year high of GBX 340 ($4.20).
Insider Transactions at Volex
In other news, insider Jon Boaden sold 20,171 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of GBX 293 ($3.62), for a total transaction of £59,101.03 ($73,000.28). Insiders own 33.98% of the company's stock.
About Volex
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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.
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