Victrex (LON:VCT) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Victrex plc (LON:VCT) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 675.65 and traded as high as GBX 712. Victrex shares last traded at GBX 706, with a volume of 182,262 shares traded.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on 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, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 804.50.

Victrex Price Performance

The company has a debt-to-equity ratio of 10.93, a current ratio of 4.39 and a quick ratio of 1.99. The stock has a market capitalization of £614.74 million, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The stock has a 50 day moving average price of GBX 677.59 and a 200-day moving average price of GBX 675.65.

Victrex (LON:VCT) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 43.90 earnings per share 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 Buying and Selling at Victrex

In related news, insider Ian Melling bought 3,500 shares of the stock in a transaction on Wednesday, December 17th. The stock was bought at an average price of GBX 643 per share, with a total value of £22,505. Corporate insiders own 4.13% 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.