Volution Group (LON:FAN) Shares Up 12.3% – Here’s What Happened

Volution Group plc (LON:FAN) shares traded up 12.3% during trading on Friday . 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 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).

Analyst Ratings Changes

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 Trading Down 1.5 %

The company has a debt-to-equity ratio of 34.97, a quick ratio of 0.98 and a current ratio of 1.28. The company’s fifty day moving average is GBX 527.51 and its two-hundred day moving average is GBX 554.63. The company has a market cap of £1.14 billion, a price-to-earnings ratio of 26.52 and a beta of 1.36.

Volution Group (LON:FAN) last issued its earnings results 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%. On average, research analysts anticipate that Volution Group plc will post 30.0441826 EPS 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.