Victrex plc (LON:VCT - Get Free Report) shares were down 8.4% on Tuesday . The company traded as low as GBX 667.62 ($9.07) and last traded at GBX 720 ($9.79). Approximately 827,259 shares were traded during trading, an increase of 97% from the average daily volume of 420,250 shares. The stock had previously closed at GBX 786 ($10.68).
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on VCT shares. Deutsche Bank Aktiengesellschaft downgraded Victrex to a "hold" rating and cut their price target for the stock from GBX 990 ($13.45) to GBX 850 ($11.55) in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on Victrex from GBX 940 ($12.78) to GBX 818 ($11.12) and set a "neutral" rating on the stock in a report on Wednesday.
Read Our Latest Stock Report on VCT
Victrex Price Performance
The company has a market cap of £633.31 million, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The company has a fifty day moving average price of GBX 798.30 and a two-hundred day moving average price of GBX 893.15. The company has a current ratio of 4.39, a quick ratio of 1.99 and a debt-to-equity ratio of 10.93.
Victrex (LON:VCT - Get Free Report) last posted its 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%. As a group, equities research analysts anticipate that Victrex plc will post 73.1078905 EPS for the current fiscal year.
Insider Activity at Victrex
In other Victrex news, insider Dame Vivienne Cox acquired 2,747 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was purchased at an average price of GBX 721 ($9.80) per share, for a total transaction of £19,805.87 ($26,917.46). Also, insider David Thomas bought 1,158 shares of the stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of GBX 846 ($11.50) per share, with a total value of £9,796.68 ($13,314.32). 1.64% of the stock is owned by company insiders.
Victrex Company Profile
(
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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