Volex plc (LON:VLX - Get Free Report) shot up 19.1% during trading on Thursday . The company traded as high as GBX 394 ($5.41) and last traded at GBX 375.68 ($5.15). 7,389,667 shares were traded during mid-day trading, an increase of 1,008% from the average session volume of 666,818 shares. The stock had previously closed at GBX 315.50 ($4.33).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group cut their target price on Volex from GBX 430 ($5.90) to GBX 340 ($4.66) and set a "buy" rating for the company in a research note on Tuesday, April 8th.
Get Our Latest Research Report on VLX
Volex Stock Performance
The stock has a fifty day simple moving average of GBX 280.51 and a 200-day simple moving average of GBX 273.63. 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 company has a market capitalization of £902.23 million, a P/E ratio of 20.94 and a beta of 1.03.
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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