Victrex (LON:VCT) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Victrex plc (LON:VCT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 682.62 and traded as high as GBX 693. Victrex shares last traded at GBX 693, with a volume of 919,047 shares traded.

Wall Street Analysts Forecast Growth

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

Victrex Stock Performance

The stock has a market cap of £603.40 million, a price-to-earnings ratio of 21.79, a P/E/G ratio of 1.92 and a beta of 0.69. The company’s fifty day simple moving average is GBX 640.91 and its two-hundred day simple moving average is GBX 682.62. 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 announced its earnings results on Tuesday, December 2nd. The company reported GBX 43.90 EPS for the quarter. Victrex had a net margin of 10.81% and a return on equity of 6.67%. On average, analysts forecast that Victrex plc will post 73.1078905 earnings per share for the current year.

Insider Activity at Victrex

In other Victrex news, insider Ian Melling acquired 3,500 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of GBX 643 per share, with a total value of £22,505. Company insiders own 4.10% of the company’s stock.

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.