Volex (LON:VLX) Hits New 12-Month Low - Should You Sell?

Volex plc (LON:VLX - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 192 ($2.51) and last traded at GBX 220.50 ($2.89), with a volume of 3383953 shares changing hands. The stock had previously closed at GBX 220.33 ($2.88).

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price objective on shares of Volex from GBX 430 ($5.63) to GBX 340 ($4.45) and set a "buy" rating on the stock in a research note on Tuesday.

Volex Trading Down 0.4 %

The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 64.83. The stock has a market capitalization of £520.69 million, a P/E ratio of 12.08 and a beta of 1.03. The company has a 50-day moving average price of GBX 263.39 and a 200 day moving average price of GBX 288.21.

Insiders Place Their Bets

In other Volex news, insider Jon Boaden sold 6,035 shares of Volex stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of GBX 264 ($3.46), for a total value of £15,932.40 ($20,853.93). Also, insider John Wilson purchased 10,000 shares of Volex stock in a transaction dated Thursday, January 16th. The shares were acquired at an average cost of GBX 272 ($3.56) per share, for a total transaction of £27,200 ($35,602.09). 32.77% of the stock is currently owned by corporate 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.