Shares of Victrex plc (LON:VCT - Get Free Report) were down 8.4% on Tuesday . The stock traded as low as GBX 667.62 ($9.01) and last traded at GBX 720 ($9.71). Approximately 827,259 shares changed hands during mid-day trading, an increase of 97% from the average daily volume of 420,250 shares. The stock had previously closed at GBX 786 ($10.60).
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on VCT shares. Deutsche Bank Aktiengesellschaft downgraded Victrex to a "hold" rating and decreased their price target for the company from GBX 990 ($13.35) to GBX 850 ($11.47) in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on Victrex from GBX 940 ($12.68) to GBX 818 ($11.03) and set a "neutral" rating on the stock in a research note on Wednesday.
Check Out Our Latest Stock Report on VCT
Victrex Stock Performance
The company has a market capitalization of £631.91 million, a price-to-earnings ratio of 20.58, a PEG ratio of 1.92 and a beta of 0.69. The stock has a fifty day moving average price of GBX 793.01 and a two-hundred day moving average price of GBX 887.05. The company has a quick ratio of 1.99, a current ratio of 4.39 and a debt-to-equity ratio of 10.93.
Victrex (LON:VCT - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported GBX 22.60 ($0.30) earnings per share for the quarter. Victrex had a return on equity of 6.67% and a net margin of 10.81%. As a group, analysts forecast that Victrex plc will post 73.1078905 EPS for the current fiscal year.
Insider Activity
In other Victrex news, insider Dame Vivienne Cox purchased 2,747 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were acquired at an average price of GBX 721 ($9.73) per share, for a total transaction of £19,805.87 ($26,717.75). Also, insider David Thomas purchased 1,158 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of GBX 846 ($11.41) per share, for a total transaction of £9,796.68 ($13,215.54). 1.64% of the stock is owned by corporate insiders.
About Victrex
(
Get Free Report)
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.
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