Victrex plc (LON:VCT - Get Free Report)'s share price dropped 8.4% during trading on Tuesday . The stock traded as low as GBX 667.62 ($9.08) and last traded at GBX 720 ($9.79). Approximately 827,259 shares changed hands during trading, an increase of 97% from the average daily volume of 420,250 shares. The stock had previously closed at GBX 786 ($10.69).
Wall Street Analysts Forecast Growth
VCT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut shares of Victrex to a "hold" rating and dropped their target price for the company from GBX 990 ($13.46) to GBX 850 ($11.56) in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Victrex from GBX 940 ($12.78) to GBX 818 ($11.12) and set a "neutral" rating for the company in a research report on Wednesday.
Read Our Latest Report on VCT
Victrex Stock Down 0.1%
The firm's 50-day simple moving average is GBX 800.54 and its 200 day simple moving average is GBX 894.36. The company has a market cap of £627.20 million, a P/E ratio of 20.43, a PEG ratio of 1.92 and a beta of 0.69. The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.99 and a current ratio of 4.39.
Victrex (LON:VCT - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported GBX 22.60 ($0.31) EPS for the quarter. Victrex had a net margin of 10.81% and a return on equity of 6.67%. On average, research analysts forecast that Victrex plc will post 73.1078905 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider David Thomas acquired 1,158 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of GBX 846 ($11.50) per share, for a total transaction of £9,796.68 ($13,317.94). Also, insider Dame Vivienne Cox acquired 2,747 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was purchased at an average price of GBX 721 ($9.80) per share, with a total value of £19,805.87 ($26,924.78). 1.64% of the stock is owned by corporate insiders.
About Victrex
(
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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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