Luxfer (NYSE:LXFR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “

Other equities analysts have also issued research reports about the company. BidaskClub upgraded Luxfer from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. ValuEngine upgraded Luxfer from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th.

Shares of Luxfer (NYSE LXFR) traded up $0.07 on Wednesday, hitting $15.87. The stock had a trading volume of 19,200 shares, compared to its average volume of 44,550. Luxfer has a one year low of $10.82 and a one year high of $16.21. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.22 and a current ratio of 2.34. The company has a market cap of $417.36, a price-to-earnings ratio of 24.80 and a beta of 0.90.

A number of hedge funds have recently modified their holdings of the stock. FMR LLC grew its position in Luxfer by 42.2% during the 2nd quarter. FMR LLC now owns 2,389,830 shares of the industrial products company’s stock worth $30,566,000 after acquiring an additional 709,264 shares during the last quarter. Paradice Investment Management LLC grew its position in Luxfer by 14.6% during the 3rd quarter. Paradice Investment Management LLC now owns 2,002,400 shares of the industrial products company’s stock worth $24,930,000 after acquiring an additional 255,737 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in Luxfer by 2.8% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,511,468 shares of the industrial products company’s stock worth $18,818,000 after acquiring an additional 40,737 shares during the last quarter. Robecosam AG grew its position in Luxfer by 12.0% during the 3rd quarter. Robecosam AG now owns 450,000 shares of the industrial products company’s stock worth $5,594,000 after acquiring an additional 48,300 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Luxfer by 28.8% during the 3rd quarter. Wells Fargo & Company MN now owns 247,279 shares of the industrial products company’s stock worth $3,079,000 after acquiring an additional 55,240 shares during the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

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About Luxfer

Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.

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