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

Shares of Volution Group plc (LON:FANGet Free Report) shot 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 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 ($6.71).

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Volution Group

Volution Group Trading Down 1.5 %

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

Volution Group (LON:FANGet Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported GBX 15.30 ($0.20) earnings per share (EPS) for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. As a group, equities analysts forecast that Volution Group plc will post 30.0441826 EPS for the current year.

About Volution Group

(Get Free Report)

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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