Volex (LON:VLX) Trading Up 19.3% - Here's What Happened

Shares of Volex plc (LON:VLX - Get Free Report) were up 19.3% on Thursday . The stock traded as high as GBX 394 ($5.41) and last traded at GBX 376.50 ($5.17). Approximately 5,161,457 shares were traded 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 reduced their target price on Volex from GBX 430 ($5.90) to GBX 340 ($4.66) and set a "buy" rating on the stock in a report on Tuesday, April 8th.

Volex Trading Up 5.1%

The company has a fifty day simple moving average of GBX 280.51 and a two-hundred day simple moving average of GBX 273.43. 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 capitalization of £902.23 million, a P/E ratio of 20.94 and a beta of 1.03.

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.