Luxfer (NYSE:LXFR) Downgraded to “Hold” Rating by Wall Street Zen

Luxfer (NYSE:LXFR) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Luxfer Stock Performance

Shares of Luxfer stock opened at $12.88 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.71 and a current ratio of 1.67. The business’s 50 day moving average price is $14.75 and its 200 day moving average price is $13.67. The company has a market cap of $343.15 million, a price-to-earnings ratio of 44.42, a PEG ratio of 1.56 and a beta of 1.00. Luxfer has a one year low of $9.41 and a one year high of $16.02.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Luxfer during the fourth quarter valued at about $26,000. Raymond James Financial Inc. purchased a new position in shares of Luxfer during the 2nd quarter worth approximately $29,000. CWM LLC increased its holdings in Luxfer by 79.6% in 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 last quarter. LSV Asset Management purchased a new position in shares of Luxfer during the fourth quarter worth $85,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Luxfer during the 4th quarter valued at about $101,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

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.