Victrex (LON:VCT) Stock Crosses Above 200 Day Moving Average – What’s Next?

Victrex plc (LON:VCT)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,025.54 ($12.94) and traded as high as GBX 1,148 ($14.49). Victrex shares last traded at GBX 1,148 ($14.49), with a volume of 321,457 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on Victrex from GBX 1,290 ($16.28) to GBX 1,170 ($14.77) and set a “hold” rating for the company in a research report on Wednesday, December 4th.

Victrex Stock Performance

The firm has a market cap of £993.88 million, a PE ratio of 3,262.86, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The business has a 50 day simple moving average of GBX 915.44 and a two-hundred day simple moving average of GBX 1,024.47. The company has a quick ratio of 1.99, a current ratio of 5.30 and a debt-to-equity ratio of 16.99.

Victrex Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 23rd will be paid a GBX 46.14 ($0.58) dividend. This represents a yield of 5.26%. The ex-dividend date of this dividend is Thursday, January 23rd. This is an increase from Victrex’s previous dividend of $13.42. Victrex’s dividend payout ratio (DPR) is currently 17,142.86%.

Insider Buying and Selling at Victrex

In other news, insider Jane Toogood acquired 508 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of GBX 937 ($11.83) per share, for a total transaction of £4,759.96 ($6,007.77). Also, insider Brendan Connolly acquired 980 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of GBX 1,019 ($12.86) per share, with a total value of £9,986.20 ($12,604.06). 1.64% of the stock is owned by corporate insiders.

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.