Victrex (OTCMKTS:VTXPF) Shares Gap Up - Still a Buy?

Key Points

• Victrex PLC shares opened at $9.78 after a gap up from a previous close of $9.19, indicating a 6.4% increase in trading activity.
• The company's debt-to-equity ratio is notably low at 0.13, suggesting a strong financial position, while its current ratio is 3.81, indicating good short-term liquidity.
• Victrex specializes in polymer solutions, functioning in segments including Sustainable Solutions and Medical, with a focus on applications across various industries such as automotive and aerospace.

Victrex PLC (OTCMKTS:VTXPF - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $9.19, but opened at $9.78. Victrex shares last traded at $9.78, with a volume of 150 shares.

Victrex Price Performance

The business has a fifty day simple moving average of $9.77 and a two-hundred day simple moving average of $10.51. The company has a current ratio of 3.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.13.

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.