Victrex (LON:VCT) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Victrex plc (LON:VCT) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,004.35 ($12.41) and traded as high as GBX 1,058 ($13.08). Victrex shares last traded at GBX 1,024 ($12.66), with a volume of 143,353 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their target price on shares of Victrex from GBX 1,290 ($15.95) to GBX 1,170 ($14.46) and set a “hold” rating for the company in a research note on Wednesday, December 4th.

Victrex Stock Down 2.5 %

The company has a market capitalization of £891.19 million, a price-to-earnings ratio of 2,925.71, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The company has a quick ratio of 1.99, a current ratio of 5.30 and a debt-to-equity ratio of 16.99. The business has a 50-day moving average price of GBX 980.96 and a 200-day moving average price of GBX 1,004.35.

Victrex Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd will be paid a dividend of GBX 46.14 ($0.57) per share. The ex-dividend date of this dividend is Thursday, January 23rd. This is a positive change from Victrex’s previous dividend of $13.42. This represents a yield of 5.26%. Victrex’s dividend payout ratio is currently 17,142.86%.

Insider Transactions at Victrex

In other Victrex news, insider Brendan Connolly acquired 980 shares of Victrex stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of GBX 1,019 ($12.60) per share, with a total value of £9,986.20 ($12,343.88). Also, insider Ian Melling bought 2,000 shares of the stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of GBX 1,135 ($14.03) per share, for a total transaction of £22,700 ($28,059.33). 1.64% of the stock is currently owned by insiders.

About Victrex

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.