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

Volution Group plc (LON:FAN)’s share price shot up 12.3% during mid-day trading on Thursday . The company traded as high as GBX 587.50 ($7.62) and last traded at GBX 583 ($7.56). 2,602,958 shares were traded during trading, an increase of 157% from the average session volume of 1,013,288 shares. The stock had previously closed at GBX 519 ($6.73).

Analyst Ratings Changes

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

Volution Group Stock Up 12.3 %

The firm has a market capitalization of £1.15 billion, a price-to-earnings ratio of 26.84 and a beta of 1.36. The firm has a fifty day moving average price of GBX 526.29 and a 200 day moving average price of 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.

Volution Group (LON:FAN) last announced its earnings results on Thursday, March 13th. The company reported GBX 15.30 ($0.20) EPS for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. Sell-side analysts anticipate 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.