Volex plc (LON:VLX - Get Free Report) shares traded up 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). 4,735,987 shares changed hands during trading, an increase of 634% from the average session 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 target on Volex from GBX 430 ($5.90) to GBX 340 ($4.67) and set a "buy" rating on the stock in a research note on Tuesday, April 8th.
Check Out Our Latest Analysis on VLX
Volex Stock Up 5.1%
The company has a debt-to-equity ratio of 64.83, a current ratio of 1.53 and a quick ratio of 1.04. The firm has a market cap of £902.23 million, a price-to-earnings ratio of 20.94 and a beta of 1.03. The firm has a 50 day moving average price of GBX 277.40 and a 200-day moving average price of GBX 272.97.
About Volex
(
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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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