Volution Group (LON:FAN) Trading Up 12.3% - Here's Why

Volution Group plc (LON:FAN - Get Free Report) rose 12.3% on Thursday . The company traded as high as GBX 587.50 ($7.59) and last traded at GBX 583 ($7.54). Approximately 2,602,958 shares changed hands during mid-day trading, an increase of 157% from the average daily volume of 1,013,288 shares. The stock had previously closed at GBX 519 ($6.71).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 700 ($9.05) target price on shares of Volution Group in a report on Thursday.

Volution Group Stock Down 0.7 %

The stock has a 50 day moving average price of GBX 527.51 and a 200 day moving average price of GBX 554.81. The company has a debt-to-equity ratio of 34.97, a quick ratio of 0.98 and a current ratio of 1.28. The company has a market capitalization of £1.13 billion, a P/E ratio of 26.33 and a beta of 1.36.

Volution Group (LON:FAN - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported GBX 15.30 ($0.20) EPS for the quarter. Volution Group had a net margin of 12.31% and a return on equity of 17.78%. Equities research analysts forecast that Volution Group plc will post 30.0441826 earnings per share for the current fiscal year.

About Volution Group

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial constructions in the United Kingdom, Continental Europe, and Australasia. The company offers unitary extractor fans for use in bathrooms and kitchens; mechanical and decentralized mechanical ventilation with heat recovery; centralized mechanical extract ventilation; positive input ventilation; single room and incline fans; passive ventilation; thermal destratification; and ducting.