Victrex (LON:VCT) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Victrex plc (LON:VCT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 677.45 and traded as high as GBX 705. Victrex shares last traded at GBX 695, with a volume of 230,248 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on Victrex from GBX 850 to GBX 780 and set a “hold” rating for the company in a report on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 804.50.

Victrex Price Performance

The company has a fifty day simple moving average of GBX 651.84 and a 200-day simple moving average of GBX 677.08. The company has a market cap of £628.57 million, a P/E ratio of 22.70, a PEG ratio of 1.92 and a beta of 0.69. The company has a debt-to-equity ratio of 10.93, a current ratio of 4.39 and a quick ratio of 1.99.

Victrex (LON:VCT) last issued its earnings results on Tuesday, December 2nd. The company reported GBX 43.90 earnings per share (EPS) for the quarter. Victrex had a return on equity of 6.67% and a net margin of 10.81%. On average, sell-side analysts predict that Victrex plc will post 73.1078905 earnings per share for the current year.

Insider Buying and Selling at Victrex

In other news, insider Ian Melling purchased 3,500 shares of Victrex stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of GBX 643 per share, for a total transaction of £22,505. 4.10% of the stock is currently owned by company insiders.

About Victrex

Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, automotive, aerospace, and electronics markets; and engages in trading activities.