Luxfer (NYSE:LXFR) Shares Cross Above 200 Day Moving Average – Should You Sell?

Luxfer Holdings PLC (NYSE:LXFR)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.11 and traded as high as $15.40. Luxfer shares last traded at $15.27, with a volume of 210,790 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Luxfer in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Luxfer Trading Up 3.0%

The stock has a market capitalization of $408.01 million, a PE ratio of 28.81, a P/E/G ratio of 1.73 and a beta of 0.99. The company has a quick ratio of 0.71, a current ratio of 1.66 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $13.47 and a 200 day moving average price of $13.11.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, January 23rd. This represents a $0.52 annualized dividend and a yield of 3.4%. Luxfer’s dividend payout ratio (DPR) is 98.11%.

Institutional Trading of Luxfer

Several institutional investors and hedge funds have recently made changes to their positions in LXFR. Allspring Global Investments Holdings LLC lifted its position in shares of Luxfer by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 35,765 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 3,125 shares in the last quarter. Diversified Trust Co. purchased a new stake in Luxfer in the 4th quarter valued at about $139,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Luxfer during the 4th quarter worth approximately $142,000. Cambria Investment Management L.P. bought a new position in shares of Luxfer during the 3rd quarter worth approximately $149,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Luxfer by 25.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 167,777 shares of the industrial products company’s stock worth $2,332,000 after buying an additional 34,434 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.