Shares of Victrex plc (LON:VCT - Get Free Report) were down 8.4% during trading 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).
Analyst Ratings Changes
Several analysts recently commented on VCT shares. Deutsche Bank Aktiengesellschaft cut Victrex to a "hold" rating and reduced their target price for the company from GBX 990 ($13.35) to GBX 850 ($11.47) in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on Victrex from GBX 940 ($12.68) to GBX 818 ($11.03) and set a "neutral" rating on the stock in a report on Wednesday.
Check Out Our Latest Stock Report on Victrex
Victrex Stock Performance
The company has a quick ratio of 1.99, a current ratio of 4.39 and a debt-to-equity ratio of 10.93. The company has a 50 day simple moving average of GBX 793.01 and a 200-day simple moving average of GBX 888.34. The stock has a market capitalization of £631.91 million, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69.
Victrex (LON:VCT - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported GBX 22.60 ($0.30) earnings per share (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 expect that Victrex plc will post 73.1078905 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider David Thomas bought 1,158 shares of the stock in a transaction dated Tuesday, May 13th. The shares were bought at an average cost of GBX 846 ($11.41) per share, with a total value of £9,796.68 ($13,215.54). Also, insider Dame Vivienne Cox bought 2,747 shares of the stock in a transaction dated Tuesday, July 8th. The shares were purchased at an average cost of GBX 721 ($9.73) per share, for a total transaction of £19,805.87 ($26,717.75). 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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