Calnex Solutions (LON:CLX) Shares Up 3.4% – Still a Buy?

Calnex Solutions plc (LON:CLX) rose 3.4% on Thursday . The stock traded as high as GBX 46 and last traded at GBX 46. Approximately 434,307 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 275,481 shares. The stock had previously closed at GBX 44.50.

Analyst Ratings Changes

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

Calnex Solutions Trading Up 3.4%

The company’s fifty day simple moving average is GBX 45.30 and its two-hundred day simple moving average is GBX 51.73. The company has a quick ratio of 3.22, a current ratio of 4.15 and a debt-to-equity ratio of 1.52. The company has a market capitalization of £40.48 million, a price-to-earnings ratio of 66.67 and a beta of 1.86.

Calnex Solutions (LON:CLX) last announced its quarterly earnings results on Tuesday, November 18th. The company reported GBX (0.80) earnings per share (EPS) for the quarter. Calnex Solutions had a net margin of 0.25% and a return on equity of 0.15%. Research analysts forecast that Calnex Solutions plc will post 0.3596909 earnings per share for the current fiscal year.

Insider Activity

In other Calnex Solutions news, insider Helen Kelisky purchased 20,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was bought at an average cost of GBX 48 per share, for a total transaction of £9,600. 23.62% of the stock is owned by company insiders.

About Calnex Solutions

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.