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

Shares of Volution Group plc (LON:FAN) traded up 12.3% 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 mid-day 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 reissued a “buy” rating and issued a GBX 700 ($9.05) price objective on shares of Volution Group in a report on Thursday.

Volution Group Stock Down 1.5 %

The firm has a market capitalization of £1.14 billion, a price-to-earnings ratio of 26.52 and a beta of 1.36. The business has a fifty day moving average price of GBX 527.51 and a two-hundred day moving average price of GBX 554.47. The company has a debt-to-equity ratio of 34.97, a current ratio of 1.28 and a quick ratio of 0.98.

Volution Group (LON:FAN) last posted 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%. On average, equities analysts expect that Volution Group plc will post 30.0441826 earnings per share for the current 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.