Volution Group plc (LON:FAN – Get Free Report) was up 12.3% during mid-day trading on Thursday . The company traded as high as GBX 587.50 ($7.60) and last traded at GBX 583 ($7.54). Approximately 2,602,958 shares changed hands during 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 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 report on Thursday.
Check Out Our Latest Analysis on FAN
Volution Group Price Performance
Volution Group (LON:FAN – Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported GBX 15.30 ($0.20) earnings per share for the quarter. Volution Group had a net margin of 12.31% and a return on equity of 17.78%. On average, research 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.
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