Volution Group (LON:FAN) Shares Up 12.3% - Still a Buy?

Volution Group plc (LON:FAN - Get Free Report) shares traded up 12.3% during trading on Thursday . The company traded as high as GBX 587.50 ($7.63) and last traded at GBX 583 ($7.57). 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 ($6.74).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 700 ($9.09) price target on shares of Volution Group in a research note on Thursday.

Volution Group Stock Performance

The stock's 50-day simple moving average is GBX 527.51 and its 200-day simple moving average is GBX 554.81. The stock has a market cap of £1.13 billion, a price-to-earnings ratio of 26.33 and a beta of 1.36. The company has a current ratio of 1.28, a quick ratio of 0.98 and a debt-to-equity ratio of 34.97.

Volution Group (LON:FAN - Get Free Report) last issued its quarterly 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%. 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.