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

Victrex plc (LON:VCT)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 993.36 ($12.40) and traded as high as GBX 1,016 ($12.68). Victrex shares last traded at GBX 996 ($12.43), with a volume of 121,620 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price target on Victrex from GBX 1,290 ($16.10) to GBX 1,170 ($14.60) and set a “hold” rating on the stock in a research report on Wednesday, December 4th.

Victrex Price Performance

The stock has a market cap of £866.82 million, a price-to-earnings ratio of 2,845.71, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The company has a 50-day simple moving average of GBX 1,023.83 and a two-hundred day simple moving average of GBX 992.21. The company has a debt-to-equity ratio of 16.99, a quick ratio of 1.99 and a current ratio of 5.30.

Victrex (LON:VCT) last posted its earnings results on Tuesday, December 24th. The company reported GBX 51.70 ($0.65) earnings per share for the quarter. Victrex had a return on equity of 6.36% and a net margin of 10.81%. As a group, equities research analysts forecast that Victrex plc will post 73.1078905 EPS for the current year.

Victrex Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 23rd will be issued a dividend of GBX 46.14 ($0.58) per share. The ex-dividend date is Thursday, January 23rd. This is a positive change from Victrex’s previous dividend of $13.42. This represents a dividend yield of 5.26%. Victrex’s payout ratio is presently 17,142.86%.

Insider Buying and Selling

In other news, insider Brendan Connolly purchased 980 shares of Victrex stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of GBX 1,019 ($12.72) per share, for a total transaction of £9,986.20 ($12,465.61). Also, insider Ian Melling purchased 2,000 shares of Victrex stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of GBX 1,135 ($14.17) per share, with a total value of £22,700 ($28,336.04). 1.64% 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.