Volex (LON:VLX) Hits New 1-Year High – Still a Buy?

Volex plc (LON:VLX)’s stock price reached a new 52-week high on Friday . The stock traded as high as GBX 674 and last traded at GBX 673, with a volume of 846127 shares trading hands. The stock had previously closed at GBX 654.

Wall Street Analyst Weigh In

VLX has been the topic of several recent research reports. Canaccord Genuity Group lifted their target price on shares of Volex from GBX 445 to GBX 500 and gave the company a “hold” rating in a report on Thursday, March 26th. Jefferies Financial Group restated a “buy” rating and set a GBX 540 target price on shares of Volex in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Volex presently has an average rating of “Moderate Buy” and a consensus target price of GBX 472.50.

Volex Price Performance

The company has a debt-to-equity ratio of 51.32, a quick ratio of 1.04 and a current ratio of 1.66. The stock has a market cap of £1.24 billion, a price-to-earnings ratio of 22.27 and a beta of 1.16. The business’s fifty day simple moving average is GBX 543.88 and its 200 day simple moving average is GBX 469.67.

Insider Buying and Selling

In other news, insider Nathaniel Rothschild acquired 5,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of GBX 430 per share, for a total transaction of £21,500. 35.06% of the stock is owned by corporate insiders.

About Volex

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. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.