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

Victrex plc (LON:VCT) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price target on Victrex from GBX 1,290 ($16.67) to GBX 1,170 ($15.12) and set a “hold” rating on the stock in a research report on Wednesday, December 4th.

Victrex Trading Up 3.1 %

The firm has a market capitalization of £909.79 million, a P/E ratio of 29.63, a PEG ratio of 1.92 and a beta of 0.69. The company has a quick ratio of 1.99, a current ratio of 4.39 and a debt-to-equity ratio of 10.93. The business has a 50-day moving average price of GBX 995.92 and a 200-day moving average price of GBX 968.99.

Victrex (LON:VCT) last released its quarterly earnings data 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%. Analysts anticipate that Victrex plc will post 73.1078905 earnings per share for the current year.

Victrex Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd were given a GBX 46.14 ($0.60) dividend. This represents a yield of 5.26%. This is a boost from Victrex’s previous dividend of $13.42. The ex-dividend date of this dividend was Thursday, January 23rd. Victrex’s dividend payout ratio is 170.47%.

Insider Buying and Selling at Victrex

In related news, insider Ian Melling purchased 2,000 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of GBX 1,135 ($14.67) per share, for a total transaction of £22,700 ($29,339.54). Company insiders own 1.64% of the company’s stock.

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.