Volex plc (LON:VLX - Get Free Report) was up 19.1% during mid-day trading on Thursday . The company traded as high as GBX 394 ($5.38) and last traded at GBX 375.68 ($5.13). Approximately 7,389,667 shares changed hands during mid-day trading, an increase of 1,008% from the average daily volume of 666,818 shares. The stock had previously closed at GBX 315.50 ($4.31).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group dropped their price target 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 note on Tuesday, April 8th.
Read Our Latest Analysis on VLX
Volex Trading Up 18.3%
The company has a market cap of £865.83 million, a price-to-earnings ratio of 20.09 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 firm's 50-day moving average price is GBX 274.61 and its 200 day moving average price is GBX 272.35.
Volex Company Profile
(
Get Free Report)
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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