Volex (LON:VLX) Shares Up 13.3% – Should You Buy?

Volex plc (LON:VLX) shares traded up 13.3% on Wednesday . The stock traded as high as GBX 434.50 and last traded at GBX 422. Approximately 16,990,293 shares traded hands during trading, an increase of 2,510% from the average daily volume of 650,925 shares. The stock had previously closed at GBX 372.50.

Analyst Ratings Changes

A number of research firms have recently weighed in on VLX. Peel Hunt restated a “buy” rating and set a GBX 380 price target on shares of Volex in a report on Thursday, October 16th. Jefferies Financial Group restated a “buy” rating and issued a GBX 430 price objective on shares of Volex in a research note on Thursday, August 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 395.

Volex Stock Performance

The company has a debt-to-equity ratio of 64.83, a current ratio of 1.53 and a quick ratio of 1.04. The firm has a market cap of £773.94 million, a P/E ratio of 16.48 and a beta of 1.03. The stock’s 50 day moving average is GBX 361.56 and its two-hundred day moving average is GBX 338.03.

Insider Buying and Selling at Volex

In other news, insider John Wilson bought 89 shares of the stock in a transaction dated Friday, September 12th. The shares were acquired at an average price of GBX 335 per share, with a total value of £298.15. Insiders own 34.98% of the company’s stock.

Volex Company Profile

Volex plc (AIM:VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway.