Luxfer (NYSE:LXFR) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Luxfer Holdings PLC (NYSE:LXFR) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.35 and traded as high as $15.68. Luxfer shares last traded at $15.52, with a volume of 103,966 shares changing hands.

Luxfer Trading Up 2.5%

The firm has a market capitalization of $414.69 million, a P/E ratio of 29.28, a P/E/G ratio of 1.77 and a beta of 1.00. The company has a current ratio of 1.66, a quick ratio of 0.71 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $14.24 and a two-hundred day moving average of $13.35.

Luxfer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Friday, January 23rd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $0.52 annualized dividend and a dividend yield of 3.4%. Luxfer’s dividend payout ratio (DPR) is presently 98.11%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LXFR. State of Alaska Department of Revenue acquired a new stake in shares of Luxfer in the fourth quarter valued at about $26,000. Raymond James Financial Inc. bought a new stake in Luxfer in the second quarter valued at approximately $29,000. CWM LLC increased its position in Luxfer by 79.6% during the 2nd quarter. CWM LLC now owns 6,920 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 3,068 shares during the period. LSV Asset Management bought a new position in Luxfer during the 4th quarter worth approximately $85,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in Luxfer during the 4th quarter worth approximately $101,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.