Luxfer (NYSE:LXFR) Share Price Crosses Above 50-Day Moving Average on Analyst Downgrade

Luxfer Holdings PLC (NYSE:LXFR)’s share price passed above its 50 day moving average during trading on Wednesday after Weiss Ratings upgraded the stock from a hold (c) rating to a hold (c+) rating. The stock has a 50 day moving average of $17.25 and traded as high as $17.33. Luxfer shares last traded at $17.3250, with a volume of 1,610,331 shares trading hands.

Separately, Zacks Research downgraded Luxfer from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Luxfer presently has a consensus rating of “Hold” and a consensus price target of $16.40.

Hedge Funds Weigh In On Luxfer

Several institutional investors have recently bought and sold shares of LXFR. Integrated Wealth Concepts LLC acquired a new stake in Luxfer in the 2nd quarter worth approximately $34,000. EverSource Wealth Advisors LLC raised its position in shares of Luxfer by 63.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after buying an additional 1,083 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Luxfer by 61.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,120 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 1,191 shares during the period. Fortitude Family Office LLC acquired a new stake in Luxfer during the third quarter worth $83,000. Finally, Axxcess Wealth Management LLC bought a new stake in Luxfer in the third quarter valued at about $233,000. 90.82% of the stock is currently owned by institutional investors.

Luxfer Stock Performance

The firm has a market capitalization of $463.62 million, a price-to-earnings ratio of 75.33, a PEG ratio of 2.56 and a beta of 1.13. The stock has a fifty day moving average price of $17.25 and a 200-day moving average price of $15.85. The company has a current ratio of 2.47, a quick ratio of 1.19 and a debt-to-equity ratio of 0.26.

Luxfer (NYSE:LXFR) last issued its earnings results on Wednesday, October 28th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). Luxfer had a net margin of 1.71% and a return on equity of 11.86%. The firm had revenue of $89.30 million during the quarter, compared to analyst estimates of $93.70 million. As a group, analysts anticipate that Luxfer Holdings PLC will post 0.96 earnings per share for the current fiscal year.

Luxfer Company Profile

Luxfer Holdings PLC (NYSE: LXFR) is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.

Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.