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

Shares of Volution Group plc (LON:FAN) shot up 12.3% during mid-day trading on Thursday . The company traded as high as GBX 587.50 ($7.60) and last traded at GBX 583 ($7.54). 2,602,958 shares traded hands during trading, an increase of 157% from the average session volume of 1,013,288 shares. The stock had previously closed at GBX 519 ($6.71).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 700 ($9.05) price target on shares of Volution Group in a research note on Thursday.

Volution Group Price Performance

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 stock has a market capitalization of £1.14 billion, a P/E ratio of 26.52 and a beta of 1.36. The stock has a 50 day moving average of GBX 527.51 and a 200-day moving average of GBX 554.47.

Volution Group (LON:FAN) last issued its quarterly earnings results on Thursday, March 13th. The company reported GBX 15.30 ($0.20) earnings per share (EPS) for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. On average, equities research analysts anticipate that Volution Group plc will post 30.0441826 earnings per share for the current fiscal 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.