Luxfer (NYSE:LXFR) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Luxfer Holdings PLC (NYSE:LXFR) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.82 and traded as high as $14.30. Luxfer shares last traded at $14.16, with a volume of 96,114 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 22nd.

Luxfer Stock Up 1.5 %

The company has a market capitalization of $379.07 million, a price-to-earnings ratio of 42.89, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $13.64 and a 200-day moving average price of $12.82.

Luxfer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 17th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.67%. The ex-dividend date is Monday, January 27th. Luxfer’s payout ratio is currently 157.58%.

Institutional Trading of Luxfer

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Luxfer by 1.6% during the third quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock worth $35,299,000 after purchasing an additional 43,559 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Luxfer by 75.4% in the 3rd quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock valued at $248,000 after buying an additional 8,223 shares during the last quarter. Barclays PLC raised its stake in Luxfer by 64.2% in the 3rd quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock valued at $865,000 after acquiring an additional 26,112 shares during the period. State Street Corp raised its stake in Luxfer by 0.3% in the 3rd quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock valued at $7,237,000 after acquiring an additional 1,413 shares during the period. Finally, Geode Capital Management LLC raised its stake in Luxfer by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 627,817 shares of the industrial products company’s stock valued at $8,132,000 after acquiring an additional 15,030 shares during the period. Institutional investors own 90.82% of the company’s stock.

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.