Victrex (LON:VCT) Sets New 52-Week Low at $1,114.00

Posted by MarketBeat News on Jul 4th, 2024

Victrex plc (LON:VCT – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,114 ($14.09) and last traded at GBX 1,130 ($14.29), with a volume of 2569 shares trading hands. The stock had previously closed at GBX 1,122 ($14.19).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price objective on Victrex from GBX 1,750 ($22.14) to GBX 1,680 ($21.25) and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd.

Read Our Latest Analysis on VCT

Victrex Stock Up 1.0 %

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The company has a debt-to-equity ratio of 16.99, a current ratio of 5.30 and a quick ratio of 1.99. The company has a market capitalization of £1.01 billion, a P/E ratio of 3,285.71, a PEG ratio of 1.92 and a beta of 0.76. The company has a 50 day moving average of GBX 1,244.50 and a 200-day moving average of GBX 1,314.75.

Victrex Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were paid a GBX 13.42 ($0.17) dividend. The ex-dividend date was Thursday, May 30th. This represents a dividend yield of 1.05%. Victrex’s payout ratio is presently 17,142.86%.

Insider Buying and Selling

In other Victrex news, insider Jakob Sigurdsson bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of GBX 1,259 ($15.92) per share, with a total value of £37,770 ($47,773.84). 1.63% of the stock is owned by 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.