Victrex (LON:VCT) Reaches New 52-Week Low – Here’s Why

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

Analysts Set New Price Targets

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

Victrex Price Performance

The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.99 and a current ratio of 4.39. The company has a market capitalization of £710.94 million, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The company has a 50-day moving average price of GBX 958.28 and a 200-day moving average price of GBX 962.71.

Victrex Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd were paid a dividend of GBX 46.14 ($0.60) per share. This represents a yield of 5.26%. The ex-dividend date was Thursday, January 23rd. This is a positive change from Victrex’s previous dividend of $13.42. Victrex’s dividend payout ratio (DPR) is 170.47%.

Insider Transactions at Victrex

In other Victrex news, insider Urmi Prasad Richardson purchased 100 shares of the company’s stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of GBX 958 ($12.44) per share, with a total value of £958 ($1,243.99). Company 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.