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

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

Wall Street Analyst Weigh In

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

Volution Group Stock Down 0.7 %

The company has a current ratio of 1.28, a quick ratio of 0.98 and a debt-to-equity ratio of 34.97. The company has a market capitalization of £1.13 billion, a PE ratio of 26.33 and a beta of 1.36. The business has a fifty day moving average of GBX 527.51 and a 200 day moving average of GBX 554.81.

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

Volution Group Company Profile

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.