Graeme Bissett Buys 37,034 Shares of Calnex Solutions plc (LON:CLX) Stock

Calnex Solutions plc (LON:CLX) insider Graeme Bissett acquired 37,034 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was purchased at an average cost of GBX 54 ($0.73) per share, with a total value of £19,998.36 ($27,109.07).

Calnex Solutions Price Performance

CLX opened at GBX 52.50 ($0.71) on Thursday. The company has a quick ratio of 3.22, a current ratio of 4.15 and a debt-to-equity ratio of 1.52. Calnex Solutions plc has a 52-week low of GBX 39.25 ($0.53) and a 52-week high of GBX 73 ($0.99). The company has a 50 day moving average of GBX 50.56 and a two-hundred day moving average of GBX 57.13. The company has a market cap of £46.66 million, a P/E ratio of 1,161.51 and a beta of 1.86.

Calnex Solutions (LON:CLX) last released its quarterly earnings data 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%. On average, analysts expect that Calnex Solutions plc will post 0.3596909 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 115 ($1.56) price target on shares of Calnex Solutions in a research report on Wednesday, May 21st.

About Calnex Solutions

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.