Volex plc (LON:VLX) Insider Nathaniel Rothschild Purchases 118,069 Shares

Posted by Defense World Staff on Jul 20th, 2023

Volex plc (LON:VLX – Get Free Report) insider Nathaniel Rothschild acquired 118,069 shares of the stock in a transaction on Tuesday, July 18th. The shares were purchased at an average price of GBX 289 ($3.78) per share, for a total transaction of £341,219.41 ($446,155.09).

Volex Stock Up 3.2 %

VLX stock opened at GBX 289 ($3.78) on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.04 and a debt-to-equity ratio of 54.23. Volex plc has a 1 year low of GBX 198 ($2.59) and a 1 year high of GBX 325 ($4.25). The company has a fifty day simple moving average of GBX 279.49 and a 200 day simple moving average of GBX 252.81. The firm has a market cap of £522.86 million, a PE ratio of 1,700.00 and a beta of 1.01.

Volex Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 25th. Investors of record on Thursday, July 20th will be paid a GBX 2.60 ($0.03) dividend. This represents a dividend yield of 0.91%. The ex-dividend date is Thursday, July 20th. This is a positive change from Volex’s previous dividend of $1.30. Volex’s payout ratio is presently 2,352.94%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VLX. Canaccord Genuity Group lowered their price objective on shares of Volex from GBX 490 ($6.41) to GBX 430 ($5.62) and set a “buy” rating on the stock in a research report on Tuesday, June 27th. Canaccord Genuity Group lowered their price objective on shares of Volex from GBX 490 ($6.41) to GBX 430 ($5.62) and set a “buy” rating on the stock in a research report on Tuesday, June 27th.

About Volex

(Get Free Report)

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.