Volution Group (LON:FAN) Trading 12.3% Higher – Still a Buy?

Volution Group plc (LON:FAN) shares traded up 12.3% during mid-day trading on Thursday . The stock 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).

Analysts Set New Price Targets

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

Volution Group Stock Performance

The firm has a market cap of £1.14 billion, a PE ratio of 26.52 and a beta of 1.36. The firm has a fifty day moving average price of GBX 527.51 and a 200 day moving average price of GBX 554.47. 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 issued its quarterly earnings data on Thursday, March 13th. The company reported GBX 15.30 ($0.20) earnings per share (EPS) for the quarter. Volution Group had a net margin of 12.31% and a return on equity of 17.78%. As a group, equities research analysts expect that Volution Group plc will post 30.0441826 earnings per share 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.