Volex (LON:VLX) Shares Up 18.3% - Time to Buy?

Shares of Volex plc (LON:VLX - Get Free Report) shot up 18.3% on Thursday . The company traded as high as GBX 394 ($5.38) and last traded at GBX 373.31 ($5.10). 4,640,254 shares changed hands during trading, an increase of 620% from the average session volume of 644,282 shares. The stock had previously closed at GBX 315.50 ($4.31).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their target price on shares of Volex from GBX 430 ($5.88) to GBX 340 ($4.65) and set a "buy" rating for the company in a research report on Tuesday, April 8th.

Volex Stock Up 18.3%

The company has a debt-to-equity ratio of 64.83, a quick ratio of 1.04 and a current ratio of 1.53. The firm has a 50 day simple moving average of GBX 274.61 and a two-hundred day simple moving average of GBX 272.35. The stock has a market cap of £865.83 million, a P/E ratio of 20.09 and a beta of 1.03.

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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