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

Volution Group plc (LON:FANGet Free Report)’s share price rose 12.3% during mid-day trading on Thursday . The stock traded as high as GBX 587.50 ($7.61) and last traded at GBX 583 ($7.55). Approximately 2,602,958 shares changed hands during trading, an increase of 157% from the average daily volume of 1,013,288 shares. The stock had previously closed at GBX 519 ($6.72).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 700 ($9.07) price target on shares of Volution Group in a report on Wednesday, December 11th.

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Volution Group Stock Performance

The firm’s fifty day moving average price is GBX 526.29 and its 200-day moving average price is GBX 553.71. 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 market cap of £1.15 billion, a P/E ratio of 26.84 and a beta of 1.36.

Volution Group (LON:FANGet Free Report) 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, research analysts forecast that Volution Group plc will post 30.0441826 EPS for the current fiscal year.

About Volution Group

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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.

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