Luxfer (NYSE:LXFR) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Luxfer Holdings PLC (NYSE:LXFR)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.22 and traded as high as $15.37. Luxfer shares last traded at $15.2640, with a volume of 186,276 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Luxfer in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Luxfer Stock Performance

The company has a current ratio of 1.66, a quick ratio of 0.71 and a debt-to-equity ratio of 0.08. The company has a market cap of $407.85 million, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 1.72 and a beta of 0.99. The company has a 50 day moving average price of $13.87 and a 200-day moving average price of $13.22.

Luxfer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Friday, January 23rd will be given a $0.13 dividend. The ex-dividend date is Friday, January 23rd. This represents a $0.52 dividend on an annualized basis and a yield of 3.4%. Luxfer’s dividend payout ratio (DPR) is currently 98.11%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new position in Luxfer in the fourth quarter valued at about $26,000. Raymond James Financial Inc. acquired a new position in shares of Luxfer in the second quarter valued at approximately $29,000. CWM LLC raised its holdings in Luxfer by 79.6% in the 2nd quarter. CWM LLC now owns 6,920 shares of the industrial products company’s stock valued at $84,000 after buying an additional 3,068 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Luxfer by 31.7% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,191 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 2,693 shares during the last quarter. Finally, Diversified Trust Co. acquired a new position in shares of Luxfer in the fourth quarter worth approximately $139,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

About Luxfer

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.