Calnex Solutions (LON:CLX) Trading Down 1.3% – Here’s What Happened

Calnex Solutions plc (LON:CLX)’s stock price dropped 1.3% during trading on Thursday . The stock traded as low as GBX 45 and last traded at GBX 45.40. Approximately 51,529 shares changed hands during trading, a decline of 17% from the average daily volume of 61,816 shares. The stock had previously closed at GBX 46.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 115 price objective on shares of Calnex Solutions in a report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 115.

Calnex Solutions Price Performance

The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.22 and a current ratio of 4.15. The company has a market capitalization of £39.84 million, a price-to-earnings ratio of 65.62 and a beta of 1.86. The company has a 50-day moving average price of GBX 49.03 and a 200-day moving average price of GBX 52.15.

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

Insider Buying and Selling at Calnex Solutions

In other news, insider Helen Kelisky purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of GBX 48 per share, with a total value of £9,600. 23.62% of the stock is currently owned by corporate insiders.

About Calnex Solutions

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.