Calnex Solutions plc (LON:CLX) Insider Graeme Bissett Acquires 37,034 Shares

Calnex Solutions plc (LON:CLX) insider Graeme Bissett purchased 37,034 shares of the stock in a transaction dated Friday, June 6th. The shares were acquired at an average cost of GBX 54 ($0.73) per share, with a total value of £19,998.36 ($26,999.27).

Calnex Solutions Trading Down 2.2%

Shares of CLX stock opened at GBX 52.33 ($0.71) on Wednesday. The firm has a market capitalization of £46.50 million, a P/E ratio of 1,157.75 and a beta of 1.86. Calnex Solutions plc has a twelve month low of GBX 39.25 ($0.53) and a twelve month high of GBX 73 ($0.99). 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’s fifty day simple moving average is GBX 50.37 and its 200 day simple moving average is GBX 57.16.

Calnex Solutions (LON:CLX) last issued its quarterly earnings data on Tuesday, May 20th. The company reported GBX 0.38 ($0.01) earnings per share for the quarter. Calnex Solutions had a return on equity of 0.15% and a net margin of 0.25%. As a group, sell-side analysts predict that Calnex Solutions plc will post 0.3596909 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 115 ($1.55) price objective on shares of Calnex Solutions in a research report on Wednesday, May 21st.

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.