Calnex Solutions (LON:CLX) Shares Down 1% – Time to Sell?

Calnex Solutions plc (LON:CLX) shares traded down 1% during trading on Thursday . The company traded as low as GBX 59 and last traded at GBX 59.41. Approximately 206,031 shares were traded during trading, an increase of 10% from the average session volume of 187,806 shares. The stock had previously closed at GBX 60.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their price target on Calnex Solutions from GBX 115 to GBX 125 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 125.

Calnex Solutions Stock Down 2.0%

The company has a debt-to-equity ratio of 3.43, a quick ratio of 3.22 and a current ratio of 2.80. The stock’s fifty day moving average is GBX 59.83 and its two-hundred day moving average is GBX 60.11. The company has a market cap of £51.79 million, a price-to-earnings ratio of 73.50 and a beta of 1.05.

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.