Volex (LON:VLX) Insider Nathaniel Rothschild Buys 7,500 Shares

Volex plc (LON:VLX) insider Nathaniel Rothschild bought 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were acquired at an average price of GBX 510 per share, with a total value of £38,250.

Volex Stock Performance

Shares of LON VLX traded up GBX 2 during trading on Friday, reaching GBX 507. 805,474 shares of the company traded hands, compared to its average volume of 1,991,083. Volex plc has a 12-month low of GBX 325 and a 12-month high of GBX 710. The company has a current ratio of 1.74, a quick ratio of 1.04 and a debt-to-equity ratio of 46.75. The stock has a market cap of £934.26 million, a P/E ratio of 14.53 and a beta of 1.21. The firm’s fifty day simple moving average is GBX 612.78 and its 200 day simple moving average is GBX 518.47.

Volex (LON:VLX) last announced its quarterly earnings results on Friday, June 26th. The company reported GBX 35.20 earnings per share (EPS) for the quarter. Volex had a return on equity of 15.29% and a net margin of 5.29%.The company had revenue of GBX 124.26 billion during the quarter. As a group, research analysts anticipate that Volex plc will post 30.9454191 earnings per share for the current fiscal year.

Analyst Ratings Changes

VLX has been the topic of a number of analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 700 target price on shares of Volex in a research report on Thursday, June 25th. Canaccord Genuity Group boosted their price objective on Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Volex from GBX 500 to GBX 590 and gave the company a “hold” rating in a report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 528.

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.