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

Victrex plc (LON:VCT) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 675.85 and traded as high as GBX 694. Victrex shares last traded at GBX 689.74, with a volume of 633,170 shares changing hands.

Analyst Upgrades and Downgrades

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 research note on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Victrex currently has a consensus rating of “Hold” and a consensus price target of GBX 804.50.

Victrex Stock Performance

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 stock has a market capitalization of £600.57 million, a PE ratio of 21.69, a PEG ratio of 1.92 and a beta of 0.69. The firm has a 50 day moving average price of GBX 670.73 and a 200-day moving average price of GBX 675.85.

Victrex (LON:VCT) last issued 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%. Research analysts expect that Victrex plc will post 73.1078905 EPS for the current fiscal year.

Insider Activity

In other Victrex news, insider Ian Melling bought 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average cost of GBX 643 per share, for a total transaction of £22,505. 4.13% of the stock is currently owned by company insiders.

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.