Volex (LON:VLX) Sets New 12-Month High – Here’s What Happened

Volex plc (LON:VLX)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 663 and last traded at GBX 652, with a volume of 541902 shares changing hands. The stock had previously closed at GBX 651.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Volex from GBX 445 to GBX 500 and gave the company a “hold” rating in a research report on Thursday, March 26th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 540 price objective on shares of Volex in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 472.50.

Volex Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.66 and a debt-to-equity ratio of 51.32. The firm’s 50 day simple moving average is GBX 512.34 and its 200 day simple moving average is GBX 455.09. The company has a market capitalization of £1.22 billion, a PE ratio of 21.81 and a beta of 1.16.

Insider Buying and Selling

In other news, insider Nathaniel Rothschild acquired 5,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of GBX 430 per share, with a total value of £21,500. 35.06% of the stock is owned by insiders.

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 end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.