Victrex plc (LON:VCT - Get Free Report) fell 8.4% during trading on Tuesday . The company traded as low as GBX 667.62 ($9.08) and last traded at GBX 720 ($9.79). 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 ($10.69).
Wall Street Analyst Weigh In
A number of research firms have issued reports on VCT. Deutsche Bank Aktiengesellschaft cut shares of Victrex to a "hold" rating and decreased their price target for the company from GBX 990 ($13.46) to GBX 850 ($11.56) in a 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 report on Wednesday.
Read Our Latest Report on Victrex
Victrex Stock Down 0.1%
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's fifty day simple moving average is GBX 800.54 and its 200 day simple moving average is GBX 894.36. The firm has a market capitalization of £627.20 million, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69.
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 net margin of 10.81% and a return on equity of 6.67%. Analysts anticipate that Victrex plc will post 73.1078905 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, 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 ($13,317.94). Also, insider Dame Vivienne Cox bought 2,747 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were bought at an average cost of GBX 721 ($9.80) per share, for a total transaction of £19,805.87 ($26,924.78). 1.64% of the stock is owned by corporate 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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