Volex (LON:VLX) Issues Earnings Results

Volex (LON:VLX) released its quarterly earnings results on Friday. The company reported GBX 35.20 EPS for the quarter, Digital Look Earnings reports. Volex had a return on equity of 14.90% and a net margin of 4.96%.The company had revenue of GBX 124.26 billion for the quarter.

Volex Price Performance

VLX stock opened at GBX 540 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.04 and a debt-to-equity ratio of 51.32. The company has a market capitalization of £991.75 million, a P/E ratio of 17.76 and a beta of 1.18. The business has a 50 day simple moving average of GBX 621.37 and a 200-day simple moving average of GBX 509.60. Volex has a twelve month low of GBX 309.03 and a twelve month high of GBX 710.

Analyst Upgrades and Downgrades

VLX has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Volex from GBX 500 to GBX 590 and gave the company a “hold” rating in a research report on Friday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 700 price objective on shares of Volex in a research note on Thursday. Finally, Canaccord Genuity Group boosted their target price on Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 528.

Volex Company Profile

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.