Volution Group (LON:FAN) Stock Price Up 7.5% – Here’s What Happened

Volution Group plc (LON:FAN)’s stock price was 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 traded hands during 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 reaffirmed a “buy” rating and issued a GBX 700 ($9.08) target price on shares of Volution Group in a research report on Wednesday, December 11th.

Volution Group Trading Up 7.5 %

The firm has a market capitalization of £1.10 billion, a P/E ratio of 25.69 and a beta of 1.36. The firm has a 50 day moving average of GBX 526.29 and a 200-day moving average of GBX 553.71. 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.