Volex’s (LON:VLX) Buy Rating Reiterated at Liberum Capital

Volex (LON:VLX)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a research note issued on Thursday, March 28th, ThisIsMoney.Co.Uk reports.

Volex stock traded up GBX 0.30 ($0.00) during midday trading on Thursday, reaching GBX 93.10 ($1.22). The stock had a trading volume of 5,095 shares, compared to its average volume of 64,409. Volex has a 12 month low of GBX 69.80 ($0.91) and a 12 month high of GBX 97 ($1.27). The stock has a market capitalization of $135.19 million and a P/E ratio of 26.60.

In other news, insider Daren Morris sold 50,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of GBX 90 ($1.18), for a total transaction of £45,000 ($58,800.47).

About Volex

Volex plc, together with its subsidiaries, manufactures and supplies power cords and cable assemblies for consumer electronics, medical equipment, data center, telecommunications, industrial robotics, and automotive industries worldwide. The company's Power Cords division designs, manufactures, and sells power cords, duck heads, and related products to manufacturers of a range of electrical and electronic devices and appliances for use in laptops, PCs, tablets, printers, TVs, games consoles, power tools, kitchen appliances, vacuum cleaners, and electric vehicles.

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