Victrex (LON:VCT) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Victrex plc (LON:VCT)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,009.81 ($12.64) and traded as high as GBX 1,080 ($13.51). Victrex shares last traded at GBX 1,076 ($13.46), with a volume of 29,317 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their target price on shares of Victrex from GBX 1,290 ($16.14) to GBX 1,170 ($14.64) and set a “hold” rating for the company in a research note on Wednesday, December 4th.

Victrex Stock Performance

The company has a market cap of £929.48 million, a price-to-earnings ratio of 3,051.43, a P/E/G ratio of 1.92 and a beta of 0.69. The company has a current ratio of 5.30, a quick ratio of 1.99 and a debt-to-equity ratio of 16.99. The stock’s 50 day moving average price is GBX 962.42 and its 200 day moving average price is GBX 1,007.81.

Victrex Increases Dividend

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

Insider Activity

In other Victrex news, insider Brendan Connolly purchased 980 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average price of GBX 1,019 ($12.75) per share, for a total transaction of £9,986.20 ($12,495.25). Also, insider Ian Melling acquired 2,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of GBX 1,135 ($14.20) per share, with a total value of £22,700 ($28,403.40). Corporate insiders own 1.64% of the company’s stock.

Victrex Company Profile

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.