Calnex Solutions (LON:CLX) Shares Down 1.4% – Should You Sell?

Calnex Solutions plc (LON:CLX) fell 1.4% during trading on Monday . The stock traded as low as GBX 68 and last traded at GBX 68. Approximately 52,327 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 222,214 shares. The stock had previously closed at GBX 69.

Wall Street Analyst Weigh In

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

Calnex Solutions Stock Down 1.8%

The firm has a 50 day moving average of GBX 65.87 and a two-hundred day moving average of GBX 54.32. The stock has a market capitalization of £58.83 million, a PE ratio of 83.50 and a beta of 1.08. The company has a current ratio of 2.80, a quick ratio of 3.22 and a debt-to-equity ratio of 3.43.

Calnex Solutions (LON:CLX) last posted its earnings results on Tuesday, May 26th. The company reported GBX 0.83 EPS for the quarter. Calnex Solutions had a return on equity of 2.71% and a net margin of 3.33%.The company had revenue of GBX 2,188 million for the quarter. Equities research analysts anticipate that Calnex Solutions plc will post 0.3596909 earnings per share for the current year.

Insider Buying and Selling

In other Calnex Solutions news, insider Graeme Bissett acquired 28,610 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of £699 per share, with a total value of £19,998,390. Insiders own 23.66% of the company’s stock.

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.