Volex (LON:VLX) Hits New 52-Week Low – Time to Sell?

Volex plc (LON:VLX) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 246.50 ($3.19) and last traded at GBX 246.50 ($3.19), with a volume of 949770 shares. The stock had previously closed at GBX 257.71 ($3.33).

Volex Trading Down 4.4 %

The company’s fifty day simple moving average is GBX 277.47 and its 200-day simple moving average is GBX 296.32. The firm has a market capitalization of £571.20 million, a PE ratio of 13.26 and a beta of 1.03. The company has a debt-to-equity ratio of 64.83, a current ratio of 1.53 and a quick ratio of 1.04.

Insider Buying and Selling

In other news, insider John Wilson acquired 10,000 shares of Volex stock in a transaction that occurred on Thursday, January 16th. The stock was purchased at an average cost of GBX 272 ($3.52) per share, with a total value of £27,200 ($35,169.38). Also, insider Jon Boaden sold 6,035 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of GBX 264 ($3.41), for a total value of £15,932.40 ($20,600.47). Insiders own 32.77% of the company’s stock.

About Volex

Volex plc (AIM: VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key sectors: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway.