Calnex Solutions (LON:CLX) Shares Down 1.6% – Here’s Why

Calnex Solutions plc (LON:CLXGet Free Report)’s share price was down 1.6% during trading on Friday . The company traded as low as GBX 54.13 and last traded at GBX 54.13. Approximately 207,412 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 224,633 shares. The stock had previously closed at GBX 55.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 115 price target on shares of Calnex Solutions in a 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 a consensus target price of GBX 115.

Get Our Latest Report on Calnex Solutions

Calnex Solutions Trading Down 1.6%

The company has a 50 day moving average of GBX 46.72 and a two-hundred day moving average of GBX 52.07. The stock has a market capitalization of £47.63 million, a PE ratio of 78.44 and a beta of 1.86. The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.22 and a current ratio of 4.15.

Calnex Solutions (LON:CLXGet Free Report) last issued its quarterly earnings results 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%. Sell-side analysts predict that Calnex Solutions plc will post 0.3596909 EPS for the current year.

Insider Buying and Selling

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

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