Victrex (LON:VCT) Stock Price Down 8.4% - Here's What Happened

Victrex plc (LON:VCT - Get Free Report) traded down 8.4% during mid-day trading on Tuesday . The stock traded as low as GBX 667.62 ($9.07) and last traded at GBX 720 ($9.78). 827,259 shares changed hands during trading, an increase of 97% from the average session volume of 420,250 shares. The stock had previously closed at GBX 786 ($10.68).

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Victrex to a "hold" rating and reduced their price target for the stock from GBX 990 ($13.45) to GBX 850 ($11.55) in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Victrex from GBX 940 ($12.77) to GBX 818 ($11.11) and set a "neutral" rating on the stock in a research report on Wednesday.

Victrex Price Performance

The stock has a market capitalization of £635.05 million, a P/E ratio of 20.68, a PEG ratio of 1.92 and a beta of 0.69. The company has a current ratio of 4.39, a quick ratio of 1.99 and a debt-to-equity ratio of 10.93. The company has a fifty day simple moving average of GBX 795.78 and a two-hundred day simple moving average of GBX 890.75.

Victrex (LON:VCT - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported GBX 22.60 ($0.31) EPS for the quarter. Victrex had a return on equity of 6.67% and a net margin of 10.81%. Sell-side analysts expect that Victrex plc will post 73.1078905 EPS for the current fiscal year.

Insider Transactions at Victrex

In other Victrex news, insider Dame Vivienne Cox bought 2,747 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was acquired at an average cost of GBX 721 ($9.79) per share, with a total value of £19,805.87 ($26,906.49). Also, insider David Thomas bought 1,158 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of GBX 846 ($11.49) per share, with a total value of £9,796.68 ($13,308.90). Corporate insiders own 1.64% of the company's stock.

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.