Victrex (LON:VCT) Share Price Passes Above 200-Day Moving Average – What’s Next?

Victrex plc (LON:VCT)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,018.11 ($12.76) and traded as high as GBX 1,076 ($13.49). Victrex shares last traded at GBX 1,076 ($13.49), with a volume of 75,743 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their target price on shares of Victrex from GBX 1,290 ($16.17) to GBX 1,170 ($14.67) and set a “hold” rating on the stock in a research note on Wednesday, December 4th.

Victrex Price Performance

The company has a current ratio of 5.30, a quick ratio of 1.99 and a debt-to-equity ratio of 16.99. The stock has a 50 day simple moving average of GBX 936.28 and a 200-day simple moving average of GBX 1,016.59. The firm has a market cap of £952.11 million, a PE ratio of 3,125.71, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69.

Victrex Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 23rd will be given a dividend of GBX 46.14 ($0.58) per share. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a dividend yield of 5.26%. This is a boost from Victrex’s previous dividend of $13.42. Victrex’s dividend payout ratio (DPR) is currently 17,142.86%.

Insiders Place Their Bets

In related news, insider Ian Melling acquired 2,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of GBX 1,135 ($14.23) per share, with a total value of £22,700 ($28,456.81). Also, insider Brendan Connolly bought 980 shares of Victrex stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of GBX 1,019 ($12.77) per share, for a total transaction of £9,986.20 ($12,518.74). 1.64% of the stock is currently owned by corporate 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.