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

Volution Group plc (LON:FAN - Get Free Report)'s stock price shot up 12.3% on Thursday . The stock traded as high as GBX 587.50 ($7.59) and last traded at GBX 583 ($7.54). 2,602,958 shares traded hands 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 Analysts Forecast Growth

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

Volution Group Price Performance

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 firm has a market cap of £1.13 billion, a PE ratio of 26.33 and a beta of 1.36. The stock has a 50 day simple moving average of GBX 527.51 and a two-hundred day simple moving average of GBX 554.81.

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