Volex (LON:VLX) Reaches New 1-Year High at $340.00

Shares of Volex plc (LON:VLX) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 340 ($4.27) and last traded at GBX 338.95 ($4.26), with a volume of 49084 shares trading hands. The stock had previously closed at GBX 338 ($4.25).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 400 ($5.03) target price on shares of Volex in a research report on Friday, April 19th.

Volex Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 70.82. The firm has a 50 day moving average price of GBX 293.55 and a 200 day moving average price of GBX 301.63. The stock has a market cap of £616.14 million, a PE ratio of 1,988.24 and a beta of 0.99.

Insider Buying and Selling at Volex

In other Volex news, insider Jon Boaden sold 20,171 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of GBX 293 ($3.68), for a total transaction of £59,101.03 ($74,247.53). Insiders own 33.98% of the company’s stock.

Volex Company Profile

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.