Victrex (LON:VCT) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Victrex plc (LON:VCT)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 968.99 ($12.52) and traded as high as GBX 1,042.95 ($13.48). Victrex shares last traded at GBX 1,042.95 ($13.48), with a volume of 19,501,854 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their price objective on Victrex from GBX 1,290 ($16.67) to GBX 1,170 ($15.12) and set a “hold” rating for the company in a research note on Wednesday, December 4th.

Victrex Price Performance

The company has a current ratio of 4.39, a quick ratio of 1.99 and a debt-to-equity ratio of 10.93. The stock has a market capitalization of £909.79 million, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The stock has a 50 day moving average of GBX 995.50 and a 200-day moving average of GBX 969.24.

Victrex (LON:VCT) last issued its quarterly earnings results on Tuesday, December 24th. The company reported GBX 51.70 ($0.67) 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, equities research analysts anticipate that Victrex plc will post 73.1078905 earnings per share for the current fiscal year.

Victrex Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 23rd were paid a dividend of GBX 46.14 ($0.60) per share. This is a positive change from Victrex’s previous dividend of $13.42. This represents a dividend yield of 5.26%. The ex-dividend date was Thursday, January 23rd. Victrex’s dividend payout ratio (DPR) is currently 170.47%.

Insider Buying and Selling

In other news, insider Ian Melling bought 2,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of GBX 1,135 ($14.67) per share, with a total value of £22,700 ($29,331.96). 1.64% of the stock is owned by corporate insiders.

Victrex Company Profile

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.