Volex (LON:VLX) Trading 19.1% Higher - Here's Why

Shares of Volex plc (LON:VLX - Get Free Report) traded up 19.1% 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 changed hands during 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 Analyst Weigh In

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 on the stock in a report on Tuesday, April 8th.

Volex Stock Up 5.1%

The company has a market cap of £902.23 million, a price-to-earnings ratio of 20.94 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 business has a fifty day moving average price of GBX 280.51 and a two-hundred day moving average price of GBX 273.63.

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.