Victrex (LON:VCT) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Victrex plc (LON:VCT)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,025.54 ($12.94) and traded as high as GBX 1,148 ($14.49). Victrex shares last traded at GBX 1,148 ($14.49), with a volume of 321,457 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price objective on shares of Victrex from GBX 1,290 ($16.28) to GBX 1,170 ($14.77) and set a “hold” rating for the company in a research note on Wednesday, December 4th.

Victrex Trading Down 0.5 %

The company has a 50 day moving average of GBX 915.44 and a two-hundred day moving average of GBX 1,024.47. The stock has a market capitalization of £993.88 million, a PE ratio of 3,262.86, a P/E/G ratio of 1.92 and a beta of 0.69. The company has a debt-to-equity ratio of 16.99, a quick ratio of 1.99 and a current ratio of 5.30.

Victrex Increases Dividend

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

Insider Buying and Selling

In other news, insider Jane Toogood bought 508 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average price of GBX 937 ($11.83) per share, with a total value of £4,759.96 ($6,007.77). Also, insider Brendan Connolly purchased 980 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of GBX 1,019 ($12.86) per share, for a total transaction of £9,986.20 ($12,604.06). 1.64% of the stock is owned by company 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.