Volex (LON:VLX) Shares Up 18.3% - Still a Buy?

Volex plc (LON:VLX - Get Free Report) shares rose 18.3% 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).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped 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 research report on Tuesday, April 8th.

Volex Price Performance

The firm's fifty day moving average price is GBX 280.51 and its 200 day moving average price is 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 stock has a market cap of £902.23 million, a PE ratio of 20.94 and a beta of 1.03.

Volex Company Profile

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.