Victrex (LON:VCT) Shares Cross Above 200-Day Moving Average – Time to Sell?

Victrex plc (LON:VCT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 967.44 ($12.57) and traded as high as GBX 996 ($12.94). Victrex shares last traded at GBX 996 ($12.94), with a volume of 88,087 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price objective on shares of Victrex from GBX 1,290 ($16.76) to GBX 1,170 ($15.20) and set a “hold” rating for the company in a research note on Wednesday, December 4th.

Victrex Stock Up 2.5 %

The stock’s fifty day moving average is GBX 985.42 and its 200 day moving average is GBX 967.44. The company has a current ratio of 4.39, a quick ratio of 1.99 and a debt-to-equity ratio of 10.93. The company has a market capitalization of £868.83 million, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69.

Victrex (LON:VCT) last posted its quarterly earnings results on Tuesday, December 24th. The company reported GBX 51.70 ($0.67) EPS for the quarter. Victrex had a net margin of 10.81% and a return on equity of 6.67%. Research analysts predict that Victrex plc will post 73.1078905 EPS for the current fiscal year.

Victrex Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 23rd were issued a dividend of GBX 46.14 ($0.60) per share. This is a positive change from Victrex’s previous dividend of $13.42. This represents a yield of 5.26%. The ex-dividend date was Thursday, January 23rd. Victrex’s dividend payout ratio is currently 170.47%.

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.