Shares of Volex plc (LON:VLX - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 290.18 ($3.90) and traded as high as GBX 365.50 ($4.91). Volex shares last traded at GBX 360 ($4.84), with a volume of 239,296 shares changing hands.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on VLX. Berenberg Bank increased their price target on shares of Volex from GBX 415 ($5.58) to GBX 430 ($5.78) and gave the stock a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group restated a "buy" rating and set a GBX 430 ($5.78) price target on shares of Volex in a research note on Thursday.
View Our Latest Stock Analysis on Volex
Volex Stock Performance
The firm has a 50 day moving average of GBX 344.83 and a 200-day moving average of GBX 291.67. The stock has a market capitalization of £836.97 million, a PE ratio of 19.42 and a beta of 1.03. The company has a debt-to-equity ratio of 64.83, a quick ratio of 1.04 and a current ratio of 1.53.
About Volex
(
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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.
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