Canaccord Genuity Group Reaffirms Buy Rating for Calnex Solutions (LON:CLX)

Canaccord Genuity Group reiterated their buy rating on shares of Calnex Solutions (LON:CLX) in a report published on Tuesday, MarketBeat Ratings reports. The brokerage currently has a GBX 115 ($1.47) price target on the stock.

Calnex Solutions Stock Performance

Calnex Solutions stock opened at GBX 43.68 ($0.56) on Tuesday. The company’s 50-day moving average price is GBX 54.18 and its 200-day moving average price is GBX 58.41. The company has a quick ratio of 3.22, a current ratio of 4.15 and a debt-to-equity ratio of 1.52. The company has a market cap of £38.82 million, a PE ratio of 966.38 and a beta of 1.86. Calnex Solutions has a twelve month low of GBX 39.25 ($0.50) and a twelve month high of GBX 73 ($0.93).

Insider Buying and Selling at Calnex Solutions

In other news, insider Helen Kelisky acquired 20,202 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of GBX 50 ($0.64) per share, with a total value of £10,101 ($12,906.98). Company insiders own 25.23% of the company’s stock.

Calnex Solutions Company Profile

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecommunications and cloud computing industries. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecommunications and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.