Luxfer (NYSE:LXFR) Lowered to “Buy” Rating by StockNews.com

Luxfer (NYSE:LXFR) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

Luxfer Stock Up 2.0 %

LXFR stock opened at $14.01 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. Luxfer has a twelve month low of $7.55 and a twelve month high of $15.64. The company’s 50 day moving average is $13.71 and its two-hundred day moving average is $12.72. The stock has a market cap of $375.19 million, a P/E ratio of 42.45, a PEG ratio of 1.77 and a beta of 0.88.

Hedge Funds Weigh In On Luxfer

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Luxfer during the third quarter worth approximately $130,000. XTX Topco Ltd purchased a new position in shares of Luxfer during the third quarter worth approximately $146,000. Algert Global LLC purchased a new position in shares of Luxfer during the second quarter worth approximately $133,000. MML Investors Services LLC grew its position in shares of Luxfer by 75.4% during the third quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 8,223 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Luxfer by 10.7% during the third quarter. BNP Paribas Financial Markets now owns 25,639 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 2,470 shares during the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

About Luxfer

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.