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Victrex (OTCMKTS:VTXPF) Shares Down 9% - Should You Sell?

Victrex logo with Basic Materials background

Key Points

  • Victrex PLC's stock price saw a significant decline of 9%, trading as low as $8.99 before recovering slightly to $9.19 during mid-day trading on Friday.
  • Despite the drop, Deutsche Bank reaffirmed a "buy" rating on Victrex's shares, indicating potential investor confidence.
  • The company operates in the polymer solutions market, focusing on segments like Sustainable Solutions and Medical, with a strong balance sheet reflected in its low debt-to-equity ratio of 0.13.
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Victrex PLC (OTCMKTS:VTXPF - Get Free Report) shares were down 9% during trading on Friday . The stock traded as low as $8.99 and last traded at $9.19. Approximately 685 shares changed hands during mid-day trading, an increase of 1,589% from the average daily volume of 41 shares. The stock had previously closed at $10.10.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Victrex in a report on Wednesday, April 16th.

Check Out Our Latest Report on Victrex

Victrex Trading Down 9.0%

The company has a current ratio of 3.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $10.33 and a two-hundred day moving average of $11.02.

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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