Volex (VLX) Receives “Buy” Rating from Liberum Capital
VLX stock traded up GBX 3 ($0.04) during mid-day trading on Friday, reaching GBX 88.10 ($1.15). 527,547 shares of the company traded hands, compared to its average volume of 64,409. Volex has a 52-week low of GBX 40.50 ($0.53) and a 52-week high of GBX 86 ($1.12).
In related news, insider Nathaniel Rothschild bought 40,000 shares of Volex stock in a transaction on Wednesday, August 22nd. The stock was acquired at an average price of GBX 75 ($0.98) per share, with a total value of £30,000 ($39,200.31). Also, insider Daren Morris sold 136,083 shares of Volex stock in a transaction dated Friday, September 7th. The shares were sold at an average price of GBX 87 ($1.14), for a total value of £118,392.21 ($154,700.39).
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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