Volution Group (LON:FAN) Trading 12.3% Higher – Time to Buy?

Volution Group plc (LON:FAN) shares traded up 12.3% during trading on Thursday . The company traded as high as GBX 587.50 ($7.60) and last traded at GBX 583 ($7.54). 2,602,958 shares traded hands during 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 Analysts Forecast Growth

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

Volution Group Price Performance

The business has a 50-day simple moving average of GBX 527.51 and a 200 day simple moving average of GBX 554.47. The firm has a market cap of £1.14 billion, a P/E ratio of 26.52 and a beta of 1.36. The company has a debt-to-equity ratio of 34.97, a quick ratio of 0.98 and a current ratio of 1.28.

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 return on equity of 17.78% and a net margin of 12.31%. On average, analysts anticipate that Volution Group plc will post 30.0441826 earnings per share 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.