Volution Group (LON:FAN) Trading Up 12.3% – Here’s What Happened

Volution Group plc (LON:FAN) shares shot up 12.3% on Thursday . The stock traded as high as GBX 587.50 ($7.60) and last traded at GBX 583 ($7.54). 2,602,958 shares traded hands during mid-day 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).

Wall Street Analyst Weigh In

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

Volution Group Trading Down 1.5 %

The company’s fifty day moving average price is GBX 527.51 and its two-hundred day moving average price is GBX 554.47. 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 firm has a market cap of £1.14 billion, a P/E ratio of 26.52 and a beta of 1.36.

Volution Group (LON:FAN) last posted its earnings results on Thursday, March 13th. The company reported GBX 15.30 ($0.20) earnings per share for the quarter. Volution Group had a net margin of 12.31% and a return on equity of 17.78%. As a group, sell-side analysts predict that Volution Group plc will post 30.0441826 EPS 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.