Calnex Solutions (LON:CLX) Stock Price Up 3.4% – Here’s Why

Calnex Solutions plc (LON:CLX)’s share price traded up 3.4% on Thursday . The stock traded as high as GBX 46 and last traded at GBX 46. 434,307 shares were traded during mid-day trading, an increase of 58% from the average session volume of 275,481 shares. The stock had previously closed at GBX 44.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 115 price target on shares of Calnex Solutions in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 115.

Calnex Solutions Trading Down 0.4%

The company has a market cap of £40.30 million, a price-to-earnings ratio of 66.38 and a beta of 1.86. The company’s 50 day moving average price is GBX 45.19 and its 200 day moving average price is GBX 51.72. The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.22 and a current ratio of 4.15.

Calnex Solutions (LON:CLX) last released its quarterly earnings data on Tuesday, November 18th. The company reported GBX (0.80) earnings per share (EPS) for the quarter. Calnex Solutions had a net margin of 0.25% and a return on equity of 0.15%. Research analysts anticipate that Calnex Solutions plc will post 0.3596909 EPS for the current year.

Insider Activity at Calnex Solutions

In related news, insider Helen Kelisky bought 20,000 shares of Calnex Solutions stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average cost of GBX 48 per share, for a total transaction of £9,600. Corporate insiders own 23.62% of the company’s stock.

About Calnex Solutions

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.