Victrex (LON:VCT) Shares Cross Above 200 Day Moving Average – Should You Sell?

Victrex plc (LON:VCT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 640.75 and traded as high as GBX 737. Victrex shares last traded at GBX 732.12, with a volume of 261,826 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VCT. UBS Group restated a “sell” rating and issued a GBX 575 target price on shares of Victrex in a research note on Monday, May 11th. Canaccord Genuity Group lowered Victrex to a “buy” rating and set a GBX 725 target price for the company. in a research note on Friday, May 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 595 target price on shares of Victrex in a report on Tuesday, July 7th. Finally, Berenberg Bank boosted their target price on shares of Victrex from GBX 600 to GBX 680 and gave the company a “hold” rating in a research report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 663.33.

Victrex Stock Up 1.0%

The business has a fifty day simple moving average of GBX 634.79 and a 200 day simple moving average of GBX 640.75. The company has a debt-to-equity ratio of 21.30, a current ratio of 2.35 and a quick ratio of 1.99. The firm has a market cap of £637.86 million, a price-to-earnings ratio of -32.68, a PEG ratio of 1.92 and a beta of 0.77.

Victrex (LON:VCT) last issued its earnings results on Monday, May 11th. The company reported GBX 17.20 earnings per share for the quarter. The business had revenue of £147.10 million for the quarter. Victrex had a negative return on equity of 4.95% and a negative net margin of 6.70%. As a group, equities analysts forecast that Victrex plc will post 73.1078905 EPS for the current fiscal year.

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.