Victrex (LON:VCT) Trading Down 8.4% - What's Next?

Shares of Victrex plc (LON:VCT - Get Free Report) fell 8.4% during mid-day trading on Tuesday . The company traded as low as GBX 667.62 ($9.07) and last traded at GBX 720 ($9.79). 827,259 shares were traded during mid-day trading, an increase of 97% from the average session volume of 420,250 shares. The stock had previously closed at GBX 786 ($10.68).

Analyst Ratings Changes

A number of research firms have issued reports on VCT. Deutsche Bank Aktiengesellschaft lowered Victrex to a "hold" rating and reduced their price target for the company from GBX 990 ($13.45) to GBX 850 ($11.55) in a research report 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 research note on Wednesday.

Victrex Stock Performance

The stock has a market capitalization of £627.20 million, a price-to-earnings ratio of 20.43, a PEG ratio of 1.92 and a beta of 0.69. The firm has a fifty day moving average of GBX 798.30 and a 200-day moving average of GBX 893.15. 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 ($0.31) 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, sell-side analysts anticipate that Victrex plc will post 73.1078905 EPS for the current year.

Insiders Place Their Bets

In other news, insider Dame Vivienne Cox purchased 2,747 shares of the stock in a transaction 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 ($26,917.46). Also, insider David Thomas purchased 1,158 shares of the stock in a transaction on Tuesday, May 13th. The shares were 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 insiders.

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.