Volution Group (LON:FAN) Trading Up 12.3% – What’s Next?

Volution Group plc (LON:FAN) shot up 12.3% during trading on Thursday . The stock traded as high as GBX 587.50 ($7.61) and last traded at GBX 583 ($7.55). 2,602,958 shares were traded during mid-day trading, an increase of 157% from the average session volume of 1,013,288 shares. The stock had previously closed at GBX 519 ($6.72).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 700 ($9.07) price objective on shares of Volution Group in a report on Thursday.

Volution Group Trading Up 12.3 %

The business has a 50 day moving average of GBX 526.95 and a two-hundred day moving average of GBX 554.09. The company has a current ratio of 1.28, a quick ratio of 0.98 and a debt-to-equity ratio of 34.97. The firm has a market cap of £1.15 billion, a P/E ratio of 26.84 and a beta of 1.36.

Volution Group (LON:FAN) last posted its quarterly earnings results on Thursday, March 13th. The company reported GBX 15.30 ($0.20) earnings per share for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. Analysts predict that Volution Group plc will post 30.0441826 earnings per share for the current year.

About Volution Group

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial constructions in the United Kingdom, Continental Europe, and Australasia. The company offers unitary extractor fans for use in bathrooms and kitchens; mechanical and decentralized mechanical ventilation with heat recovery; centralized mechanical extract ventilation; positive input ventilation; single room and incline fans; passive ventilation; thermal destratification; and ducting.