Volex plc (LON:VLX) Insider Sells £15,932.40 in Stock

Volex plc (LON:VLX) insider Jon Boaden sold 6,035 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of GBX 264 ($3.23), for a total transaction of £15,932.40 ($19,501.10).

Volex Stock Performance

Shares of LON VLX traded up GBX 8.50 ($0.10) during trading hours on Thursday, reaching GBX 278 ($3.40). 413,169 shares of the stock were exchanged, compared to its average volume of 798,463. Volex plc has a 52 week low of GBX 261.50 ($3.20) and a 52 week high of GBX 375 ($4.59). The stock’s fifty day simple moving average is GBX 291.56 and its 200 day simple moving average is GBX 323.81. The company has a debt-to-equity ratio of 54.77, a quick ratio of 1.04 and a current ratio of 1.49. The firm has a market capitalization of £501.98 million, a price-to-earnings ratio of 1,737.50 and a beta of 1.03.

Volex Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, November 28th were given a GBX 1.50 ($0.02) dividend. The ex-dividend date was Thursday, November 28th. This represents a dividend yield of 0.44%. Volex’s dividend payout ratio (DPR) is currently 2,500.00%.

About Volex

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.