Canaccord Genuity Group Reiterates “Buy” Rating for Calnex Solutions (LON:CLX)

Calnex Solutions (LON:CLX)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a research note issued on Wednesday, MarketBeat.com reports. They currently have a GBX 115 ($1.54) target price on the stock. Canaccord Genuity Group’s target price points to a potential upside of 109.09% from the stock’s current price.

Calnex Solutions Price Performance

Shares of LON:CLX opened at GBX 55 ($0.74) on Wednesday. The firm’s 50 day moving average price is GBX 48.68 and its 200-day moving average price is GBX 57.69. Calnex Solutions has a twelve month low of GBX 39.25 ($0.53) and a twelve month high of GBX 73 ($0.98). 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 stock has a market capitalization of £48.88 million, a PE ratio of 1,216.82 and a beta of 1.86.

Calnex Solutions (LON:CLX) last released its earnings results on Tuesday, May 20th. The company reported GBX 0.38 ($0.01) earnings per share (EPS) for the quarter. Calnex Solutions had a net margin of 0.25% and a return on equity of 0.15%. Equities research analysts expect that Calnex Solutions will post 0.3596909 EPS for the current year.

Insider Buying and Selling

In related news, insider Helen Kelisky acquired 20,202 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of GBX 50 ($0.67) per share, with a total value of £10,101 ($13,558.39). 25.23% of the stock is currently owned by insiders.

Calnex Solutions Company Profile

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