Volution Group (LON:FAN) Trading 7.5% Higher – Here’s Why

Shares of Volution Group plc (LON:FAN) were up 7.5% during mid-day trading on Thursday . The company traded as high as GBX 558 ($7.24) and last traded at GBX 558 ($7.24). Approximately 1,293,748 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 987,617 shares. The stock had previously closed at GBX 519 ($6.73).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 700 ($9.08) target price on shares of Volution Group in a research note on Wednesday, December 11th.

Volution Group Stock Up 7.5 %

The firm has a 50-day moving average of GBX 526.29 and a two-hundred day moving average of GBX 553.71. The stock has a market capitalization of £1.10 billion, a price-to-earnings ratio of 25.69 and a beta of 1.36. The company has a quick ratio of 0.98, a current ratio of 1.28 and a debt-to-equity ratio of 34.97.

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.