Volex (LON:VLX) Shares Up 8.1% - Here's What Happened

Volex plc (LON:VLX - Get Free Report) shares were up 8.1% during trading on Thursday . The stock traded as high as GBX 344.50 ($4.73) and last traded at GBX 341 ($4.68). Approximately 2,619,685 shares changed hands during mid-day trading, an increase of 317% from the average daily volume of 627,720 shares. The stock had previously closed at GBX 315.50 ($4.33).

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price target on shares of Volex from GBX 430 ($5.90) to GBX 340 ($4.66) and set a "buy" rating on the stock in a research report on Tuesday, April 8th.

Volex Stock Up 5.1%

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 company has a market capitalization of £902.23 million, a price-to-earnings ratio of 20.94 and a beta of 1.03. The firm's 50-day simple moving average is GBX 280.51 and its 200-day simple moving average is GBX 273.43.

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.