Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Volex plc ( (GB:VLX) ) has shared an announcement.
Volex plc announced that Sharon Molloy, the wife of Chief Operating Officer John Molloy, sold 304,561 Ordinary Shares of the company, resulting in her holding no shares. This transaction represents a significant divestment, while John Molloy retains a 1.12% stake in the company. The sale was conducted on the London Stock Exchange, AIM, and could impact perceptions of insider confidence in the company’s future performance.
The most recent analyst rating on (GB:VLX) stock is a Buy with a £3.40 price target. To see the full list of analyst forecasts on Volex plc stock, see the GB:VLX Stock Forecast page.
Spark’s Take on GB:VLX Stock
According to Spark, TipRanks’ AI Analyst, GB:VLX is a Outperform.
Volex plc is well-positioned for growth with strong financial performance and strategic initiatives. The company’s robust revenue growth and effective cash management are major strengths, although technical indicators show short-term weakness. Valuation metrics suggest a fairly valued stock, while recent corporate events and positive earnings sentiment reinforce confidence in future prospects. Investors should monitor for improvements in technical trends to capture potential upside.
To see Spark’s full report on GB:VLX stock, click here.
More about Volex plc
Volex plc operates in the electrical and electronic manufacturing industry, providing integrated manufacturing services and power products. The company focuses on producing power cords, cable assemblies, and harnesses, serving a diverse range of markets including telecommunications, data centers, and industrial applications.
Average Trading Volume: 527,927
Technical Sentiment Signal: Buy
Current Market Cap: £682M
For an in-depth examination of VLX stock, go to TipRanks’ Overview page.