Volex plc (LON:VLX - Get Free Report)'s share price rose 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). 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 Analysts Forecast Growth
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 for the company in a report on Tuesday, April 8th.
Read Our Latest Report on VLX
Volex Price Performance
The firm has a market capitalization of £902.23 million, a price-to-earnings ratio of 20.94 and a beta of 1.03. The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 64.83. The business has a 50-day moving average price of GBX 280.51 and a two-hundred day moving average price of GBX 273.63.
Volex Company Profile
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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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