Volex (LON:VLX) Trading Up 19.1% - Still a Buy?

Volex plc (LON:VLX - Get Free Report)'s stock price shot up 19.1% on Thursday . The stock traded as high as GBX 394 ($5.38) and last traded at GBX 375.68 ($5.13). 7,389,667 shares were traded 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 ($4.31).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price target on Volex from GBX 430 ($5.88) to GBX 340 ($4.65) and set a "buy" rating on the stock in a report on Tuesday, April 8th.

Volex Stock Performance

The firm's 50 day simple moving average is GBX 274.61 and its 200-day simple moving average is GBX 272.35. The company has a debt-to-equity ratio of 64.83, a quick ratio of 1.04 and a current ratio of 1.53. The company has a market capitalization of £865.83 million, a price-to-earnings ratio of 20.09 and a beta of 1.03.

About Volex

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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