Volex plc (LON:VLX - Get Free Report)'s stock price traded up 18.3% during mid-day trading on Thursday . The stock traded as high as GBX 394 ($5.41) and last traded at GBX 373.31 ($5.12). 4,640,254 shares changed hands during mid-day trading, an increase of 620% from the average session 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 target price on Volex from GBX 430 ($5.90) to GBX 340 ($4.66) and set a "buy" rating for the company in a report on Tuesday, April 8th.
Read Our Latest Analysis on Volex
Volex Trading Up 5.1%
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 company has a fifty day simple moving average of GBX 280.51 and a 200-day simple moving average of GBX 273.43. The company has a market capitalization of £902.23 million, a PE ratio of 20.94 and a beta of 1.03.
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.
Read More
Before you consider Volex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Volex wasn't on the list.
While Volex currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
