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

Shares of Victrex plc (LON:VCTGet Free Report) passed 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.

Analysts Set New Price Targets

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

View Our Latest Research Report on VCT

Victrex Trading Down 0.8 %

The firm has a market capitalization of £858.37 million, a P/E ratio of 27.96, a PEG ratio of 1.92 and a beta of 0.69. The business’s 50 day moving average is GBX 984.46 and its two-hundred day moving average is GBX 967.27. The company has a quick ratio of 1.99, a current ratio of 4.39 and a debt-to-equity ratio of 10.93.

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

Victrex Increases Dividend

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

Victrex Company Profile

(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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