Volution Group (LON:FAN) Trading Up 12.3% – Here’s Why

Volution Group plc (LON:FAN) shares were up 12.3% during trading on Thursday . The stock traded as high as GBX 587.50 ($7.60) and last traded at GBX 583 ($7.54). Approximately 2,602,958 shares were traded during mid-day trading, an increase of 157% from the average daily volume of 1,013,288 shares. The stock had previously closed at GBX 519 ($6.71).

Wall Street Analyst Weigh In

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

Volution Group Stock 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 capitalization of £1.14 billion, a PE ratio of 26.52 and a beta of 1.36. The business has a 50-day moving average of GBX 527.51 and a 200 day moving average of GBX 554.47.

Volution Group (LON:FAN) last announced 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 return on equity of 17.78% and a net margin of 12.31%. Equities research analysts predict that Volution Group plc will post 30.0441826 earnings per share for the current 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.