Victrex (LON:VCT) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Victrex plc (LON:VCTGet Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 676.81 and traded as high as GBX 745. Victrex shares last traded at GBX 743, with a volume of 344,085 shares traded.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on VCT

Victrex Trading Down 0.5%

The stock has a market capitalization of £643.45 million, a P/E ratio of 23.24, a PEG ratio of 1.92 and a beta of 0.69. The stock’s fifty day moving average price is GBX 661.64 and its 200 day moving average price is GBX 676.81. 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:VCTGet Free Report) last released its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 43.90 earnings per share (EPS) for the quarter. Victrex had a net margin of 10.81% and a return on equity of 6.67%. Research analysts forecast that Victrex plc will post 73.1078905 earnings per share for the current year.

Insider Activity

In related news, insider Ian Melling sold 2,546 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of GBX 646, for a total value of £16,447.16. Insiders own 4.10% of the company’s stock.

About Victrex

(Get Free Report)

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.

Further Reading

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