Shares of Volex plc (LON:VLX - Get Free Report) rose 23.6% during mid-day trading on Thursday . The stock traded as high as GBX 390 ($5.35) and last traded at GBX 390 ($5.35). Approximately 4,735,987 shares traded hands during mid-day trading, an increase of 634% from the average daily volume of 645,067 shares. The stock had previously closed at GBX 315.50 ($4.33).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group cut their price objective 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.
View Our Latest Report on VLX
Volex Price Performance
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 stock has a market cap of £902.23 million, a PE ratio of 20.94 and a beta of 1.03. The company has a fifty day moving average of GBX 280.51 and a 200-day moving average of GBX 273.43.
About Volex
(
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.
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