Victrex (LON:VCT) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Victrex plc (LON:VCT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 675.65 and traded as high as GBX 712. Victrex shares last traded at GBX 706, with a volume of 182,262 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut their price target on shares of Victrex from GBX 850 to GBX 780 and set a “hold” rating for the company in a report on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Victrex has a consensus rating of “Hold” and an average target price of GBX 804.50.

Victrex Stock Down 0.4%

The company has a quick ratio of 1.99, a current ratio of 4.39 and a debt-to-equity ratio of 10.93. The business has a 50-day simple moving average of GBX 677.59 and a 200-day simple moving average of GBX 675.60. The stock has a market cap of £614.74 million, a P/E ratio of 22.20, a PEG ratio of 1.92 and a beta of 0.69.

Victrex (LON:VCT) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 43.90 earnings per share (EPS) for the quarter. Victrex had a net margin of 10.81% and a return on equity of 6.67%. Analysts expect that Victrex plc will post 73.1078905 EPS for the current year.

Insider Buying and Selling

In other Victrex news, insider Ian Melling acquired 3,500 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of GBX 643 per share, for a total transaction of £22,505. 4.13% of the stock is currently owned by company 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.