Victrex (LON:VCT) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Victrex plc (LON:VCT)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 675.78 and traded as high as GBX 682. Victrex shares last traded at GBX 636, with a volume of 10,572,171 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on 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, Based on data from MarketBeat.com, Victrex presently has a consensus rating of “Hold” and a consensus target price of GBX 804.50.

Victrex Stock Down 1.2%

The company has a market capitalization of £552.04 million, a price-to-earnings ratio of 19.94, a PEG ratio of 1.92 and a beta of 0.63. The company has a debt-to-equity ratio of 11.30, a quick ratio of 1.99 and a current ratio of 3.01. The business’s 50 day moving average is GBX 687.48 and its 200 day moving average is GBX 675.78.

Victrex (LON:VCT) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 43.90 earnings per share (EPS) for the quarter. Victrex had a net margin of 9.50% and a return on equity of 6.40%. Sell-side analysts anticipate that Victrex plc will post 73.1078905 earnings per share for the current year.

Insider Transactions at Victrex

In other news, insider Ian Melling purchased 3,500 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of GBX 643 per share, for a total transaction of £22,505. 4.13% of the stock is owned by company 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.