Victrex (LON:VCT) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Victrex plc (LON:VCT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 675.79 and traded as high as GBX 696.30. Victrex shares last traded at GBX 685.15, with a volume of 351,245 shares.

Wall Street Analysts Forecast Growth

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

Victrex Stock Performance

The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.99 and a current ratio of 4.39. The company’s 50 day moving average price is GBX 682.72 and its 200-day moving average price is GBX 675.79. The company has a market cap of £605.16 million, a PE ratio of 21.86, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69.

Victrex (LON:VCT) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 43.90 EPS for the quarter. Victrex had a return on equity of 6.67% and a net margin of 10.81%. Equities research analysts anticipate that Victrex plc will post 73.1078905 earnings per share for the current fiscal year.

Insider Transactions at Victrex

In other Victrex news, insider Ian Melling sold 2,546 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of GBX 646, for a total transaction of £16,447.16. 4.13% of the stock is owned by insiders.

Victrex Company Profile

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.