Luxfer (NYSE:LXFR) Raised to Strong-Buy at StockNews.com

Luxfer (NYSE:LXFR) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

Luxfer Price Performance

Shares of NYSE LXFR traded down $0.15 during mid-day trading on Friday, hitting $14.20. 208,619 shares of the stock traded hands, compared to its average volume of 119,356. The company has a market cap of $380.28 million, a PE ratio of 43.03, a price-to-earnings-growth ratio of 1.87 and a beta of 0.88. Luxfer has a twelve month low of $7.61 and a twelve month high of $15.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $13.63 and a two-hundred day simple moving average of $13.01.

Hedge Funds Weigh In On Luxfer

Several hedge funds and other institutional investors have recently bought and sold shares of LXFR. R Squared Ltd bought a new position in shares of Luxfer in the 4th quarter worth about $42,000. Globeflex Capital L P bought a new stake in Luxfer in the fourth quarter worth approximately $101,000. SG Americas Securities LLC acquired a new position in Luxfer in the third quarter valued at approximately $130,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Luxfer during the 4th quarter worth approximately $137,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Luxfer during the 4th quarter worth approximately $137,000. Institutional investors and hedge funds 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.