Volex (LON:VLX) Shares Up 18.3% - Here's Why

Volex plc (LON:VLX - Get Free Report)'s stock price shot up 18.3% during mid-day trading on Thursday . The company traded as high as GBX 394 ($5.41) and last traded at GBX 373.31 ($5.12). 4,640,254 shares changed hands during mid-day trading, an increase of 620% from the average session volume of 644,282 shares. The stock had previously closed at GBX 315.50 ($4.33).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price objective on shares of Volex from GBX 430 ($5.90) to GBX 340 ($4.67) and set a "buy" rating for the company in a report on Tuesday, April 8th.

Volex Stock Performance

The business's fifty day moving average price is GBX 274.61 and its 200-day moving average price is GBX 272.35. The stock has a market capitalization of £865.83 million, a PE ratio of 20.09 and a beta of 1.03. The company has a debt-to-equity ratio of 64.83, a current ratio of 1.53 and a quick ratio of 1.04.

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.

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