Calnex Solutions (LON:CLX) Stock Price Up 2.3% – Here’s Why

Calnex Solutions plc (LON:CLXGet Free Report) rose 2.3% on Wednesday . The stock traded as high as GBX 45.70 and last traded at GBX 45. Approximately 114,646 shares were traded during trading, an increase of 18% from the average daily volume of 97,029 shares. The stock had previously closed at GBX 44.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 115 price objective on shares of Calnex Solutions in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 115.

Check Out Our Latest Analysis on CLX

Calnex Solutions Trading Up 2.3%

The business has a fifty day moving average of GBX 52.39 and a 200-day moving average of GBX 52.90. The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.22 and a current ratio of 4.15. The company has a market capitalization of £39.60 million, a P/E ratio of 65.22 and a beta of 1.86.

Calnex Solutions (LON:CLXGet Free Report) last released its quarterly earnings data on Tuesday, November 18th. The company reported GBX (0.80) earnings per share for the quarter. Calnex Solutions had a return on equity of 0.15% and a net margin of 0.25%. Analysts anticipate that Calnex Solutions plc will post 0.3596909 earnings per share for the current fiscal year.

Insider Buying and Selling at Calnex Solutions

In other Calnex Solutions news, insider Helen Kelisky purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were acquired at an average price of GBX 48 per share, with a total value of £9,600. 23.62% of the stock is owned by corporate insiders.

Calnex Solutions Company Profile

(Get Free Report)

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms, cloud computing and defence 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 telecoms 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.

See Also

Receive News & Ratings for Calnex Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calnex Solutions and related companies with MarketBeat.com's FREE daily email newsletter.