Victrex (LON:VCT) Reaches New 12-Month Low at $948.00

Victrex plc (LON:VCT) hit a new 52-week low during trading on Monday . The company traded as low as GBX 948 ($12.40) and last traded at GBX 969 ($12.67), with a volume of 7449 shares trading hands. The stock had previously closed at GBX 962.01 ($12.58).

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their target price on shares of Victrex from GBX 1,491 ($19.50) to GBX 1,290 ($16.87) and set a “hold” rating for the company in a report on Wednesday, August 28th.

Victrex Trading Up 0.7 %

The business has a 50 day moving average of GBX 1,057.92 and a 200-day moving average of GBX 1,191.10. The stock has a market cap of £826.79 million, a PE ratio of 2,694.29, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The company has a current ratio of 5.30, a quick ratio of 1.99 and a debt-to-equity ratio of 16.99.

Insider Transactions at Victrex

In other news, insider Jakob Sigurdsson purchased 2,000 shares of the stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of GBX 1,037 ($13.56) per share, for a total transaction of £20,740 ($27,121.75). In other Victrex news, insider Jakob Sigurdsson purchased 2,000 shares of Victrex stock in a transaction on Friday, August 30th. The shares were bought at an average price of GBX 1,037 ($13.56) per share, with a total value of £20,740 ($27,121.75). Also, insider Ros Rivaz acquired 1,950 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of GBX 1,020 ($13.34) per share, with a total value of £19,890 ($26,010.20). Insiders purchased a total of 15,950 shares of company stock valued at $17,440,000 over the last three months. 1.65% of the stock is currently owned by 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.