Victrex (LON:VCT) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Victrex plc (LON:VCTGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 967.44 ($12.58) and traded as high as GBX 996 ($12.95). Victrex shares last traded at GBX 996 ($12.95), with a volume of 88,087 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their target price on shares of Victrex from GBX 1,290 ($16.77) to GBX 1,170 ($15.21) and set a “hold” rating on the stock in a report on Wednesday, December 4th.

Read Our Latest Stock Analysis on Victrex

Victrex Stock Performance

The stock has a market cap of £858.37 million, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The company has a debt-to-equity ratio of 10.93, a current ratio of 4.39 and a quick ratio of 1.99. The stock’s 50-day moving average is GBX 984.46 and its 200-day moving average is GBX 967.27.

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

Victrex Increases Dividend

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

About Victrex

(Get Free Report)

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.

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