Calnex Solutions (LON:CLX) Stock Price Down 1.6% – Here’s Why

Calnex Solutions plc (LON:CLX) shares were down 1.6% on Friday . The company traded as low as GBX 54.13 and last traded at GBX 54.13. Approximately 207,412 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 224,633 shares. The stock had previously closed at GBX 55.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 115 target price on shares of Calnex Solutions in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 115.

Calnex Solutions Price Performance

The stock has a market capitalization of £47.63 million, a price-to-earnings ratio of 78.44 and a beta of 1.86. The company has a current ratio of 4.15, a quick ratio of 3.22 and a debt-to-equity ratio of 1.52. The company’s 50 day moving average is GBX 46.72 and its 200 day moving average is GBX 52.11.

Calnex Solutions (LON:CLX) last released its quarterly earnings results on Tuesday, November 18th. The company reported GBX (0.80) EPS for the quarter. Calnex Solutions had a return on equity of 0.15% and a net margin of 0.25%. Research analysts anticipate that Calnex Solutions plc will post 0.3596909 EPS for the current fiscal year.

Insider Transactions at Calnex Solutions

In related news, insider Helen Kelisky acquired 20,000 shares of Calnex Solutions stock in a transaction on Tuesday, November 25th. The stock was purchased at an average cost of GBX 48 per share, with a total value of £9,600. 23.62% of the stock is owned by company insiders.

Calnex Solutions Company Profile

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms, cloud computing and defence industries. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecoms and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.