Volex (LON:VLX) Stock Price Up 18.3% - What's Next?

Shares of Volex plc (LON:VLX - Get Free Report) rose 18.3% on Friday . The company traded as high as GBX 394 ($5.41) and last traded at GBX 373.31 ($5.13). Approximately 4,640,254 shares traded hands during mid-day trading, an increase of 620% from the average daily volume of 644,282 shares. The stock had previously closed at GBX 315.50 ($4.33).

Wall Street Analyst Weigh In

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 Down 1.7%

The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 64.83. The stock has a market cap of £887.15 million, a price-to-earnings ratio of 20.59 and a beta of 1.03. The business's fifty day moving average is GBX 283.49 and its two-hundred day moving average is GBX 274.

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.