Volex (LON:VLX) Trading Up 2.1% - Here's What Happened

Shares of Volex plc (LON:VLX - Get Free Report) traded up 2.1% during mid-day trading on Tuesday . The company traded as high as GBX 237.50 ($3.11) and last traded at GBX 225 ($2.95). 11,400,816 shares traded hands during mid-day trading, an increase of 1,197% from the average session volume of 879,040 shares. The stock had previously closed at GBX 220.33 ($2.88).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price objective on Volex from GBX 430 ($5.63) to GBX 340 ($4.45) and set a "buy" rating on the stock in a research note on Tuesday, April 8th.

Volex Stock Performance

The firm has a market capitalization of £520.69 million, a PE ratio of 12.08 and a beta of 1.03. The company's fifty day moving average price is GBX 263.39 and its two-hundred day moving average price is GBX 288.21. The company has a debt-to-equity ratio of 64.83, a quick ratio of 1.04 and a current ratio of 1.53.

Insider Buying and Selling

In other news, insider Jon Boaden sold 6,035 shares of the company's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of GBX 264 ($3.46), for a total value of £15,932.40 ($20,853.93). Also, insider John Wilson acquired 10,000 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were purchased at an average price of GBX 272 ($3.56) per share, for a total transaction of £27,200 ($35,602.09). Corporate insiders own 32.77% of the company's stock.

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.