Victrex (LON:VCT) Reaches New 12-Month Low at $1,148.00

Shares of Victrex plc (LON:VCT) hit a new 52-week low on Thursday . The company traded as low as GBX 1,148 ($14.62) and last traded at GBX 1,148 ($14.62), with a volume of 136429 shares changing hands. The stock had previously closed at GBX 1,218 ($15.51).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price target on Victrex from GBX 1,750 ($22.28) to GBX 1,680 ($21.39) and set an “overweight” rating for the company in a research report on Wednesday, April 3rd.

Victrex Trading Down 1.9 %

The stock has a market cap of £979.96 million, a PE ratio of 3,217.14, a PEG ratio of 1.92 and a beta of 0.76. The business has a 50-day moving average of GBX 1,274.72 and a 200 day moving average of GBX 1,343.42. The company has a debt-to-equity ratio of 16.99, a quick ratio of 1.99 and a current ratio of 5.30.

Victrex Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be given a dividend of GBX 13.42 ($0.17) per share. This represents a yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 30th. Victrex’s dividend payout ratio is presently 17,142.86%.

Insider Buying and Selling

In other Victrex news, insider Jakob Sigurdsson acquired 3,000 shares of the company’s stock in a transaction on Friday, May 31st. The shares were bought at an average cost of GBX 1,259 ($16.03) per share, for a total transaction of £37,770 ($48,096.27). 1.63% of the stock is currently owned by company insiders.

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.