Volution Group (LON:FAN) Stock Price Up 12.3% – Time to Buy?

Volution Group plc (LON:FAN)’s share price was 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). Approximately 2,602,958 shares changed hands during mid-day trading, an increase of 157% from the average daily volume of 1,013,288 shares. The stock had previously closed at GBX 519 ($6.71).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 700 ($9.05) price target on shares of Volution Group in a report on Thursday.

Volution Group Price Performance

The stock has a market capitalization of £1.14 billion, a P/E ratio of 26.52 and a beta of 1.36. 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 company has a fifty day simple moving average of GBX 527.51 and a two-hundred day simple moving average of GBX 554.47.

Volution Group (LON:FAN) last announced its quarterly earnings data on Thursday, March 13th. The company reported GBX 15.30 ($0.20) earnings per share for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. Sell-side analysts expect that Volution Group plc will post 30.0441826 EPS for the current fiscal year.

Volution Group Company Profile

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.