Volex (LON:VLX) Trading Up 19.3% - Should You Buy?

Volex plc (LON:VLX - Get Free Report)'s stock price rose 19.3% during mid-day trading on Thursday . The company traded as high as GBX 394 ($5.41) and last traded at GBX 376.50 ($5.17). Approximately 5,161,457 shares traded hands during trading, an increase of 696% from the average daily volume of 648,554 shares. The stock had previously closed at GBX 315.50 ($4.33).

Analyst Upgrades and Downgrades

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

Volex Price Performance

The stock has a market cap of £902.23 million, a P/E ratio of 20.94 and a beta of 1.03. The firm has a 50-day moving average price of GBX 277.40 and a 200-day moving average price of GBX 272.97. The company has a debt-to-equity ratio of 64.83, a quick ratio of 1.04 and a current ratio of 1.53.

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.