Victrex (LON:VCT) Reaches New 1-Year Low – Should You Sell?

Victrex plc (LON:VCT) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 804 ($10.44) and last traded at GBX 808 ($10.49), with a volume of 96041 shares. The stock had previously closed at GBX 852 ($11.06).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price target on Victrex from GBX 1,290 ($16.75) to GBX 1,170 ($15.19) and set a “hold” rating on the stock in a report on Wednesday, December 4th.

Victrex Stock Performance

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 has a 50-day simple moving average of GBX 958.28 and a 200 day simple moving average of GBX 962.71. The company has a market capitalization of £710.94 million, a PE ratio of 23.16, a P/E/G ratio of 1.92 and a beta of 0.69.

Victrex Increases Dividend

The business also recently disclosed 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 a boost from Victrex’s previous dividend of $13.42. This represents a dividend yield of 5.26%. Victrex’s payout ratio is currently 170.47%.

Insider Buying and Selling

In related news, insider Urmi Prasad Richardson bought 100 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of GBX 958 ($12.44) per share, for a total transaction of £958 ($1,243.99). Corporate insiders own 1.64% of the company’s stock.

About Victrex

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.