Victrex (LON:VCT) Reaches New 1-Year Low – Here’s Why

Victrex plc (LON:VCT)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 823 ($10.59) and last traded at GBX 831 ($10.69), with a volume of 26693 shares. The stock had previously closed at GBX 852 ($10.96).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price target on Victrex from GBX 1,491 ($19.19) to GBX 1,290 ($16.60) and set a “hold” rating for the company in a report on Wednesday, August 28th.

Victrex Stock Up 0.1 %

The company has a debt-to-equity ratio of 16.99, a current ratio of 5.30 and a quick ratio of 1.99. The company has a market capitalization of £724.09 million, a PE ratio of 2,374.29, a P/E/G ratio of 1.92 and a beta of 0.69. The business’s 50 day simple moving average is GBX 909.10 and its 200 day simple moving average is GBX 1,071.79.

Insider Transactions at Victrex

In other Victrex news, insider Jakob Sigurdsson acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of GBX 1,037 ($13.34) per share, for a total transaction of £20,740 ($26,688.97). In related news, insider Jakob Sigurdsson acquired 2,000 shares of Victrex stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of GBX 1,037 ($13.34) per share, for a total transaction of £20,740 ($26,688.97). Also, insider Janet E. Ashdown bought 2,103 shares of the stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of GBX 951 ($12.24) per share, with a total value of £19,999.53 ($25,736.11). Insiders bought 4,611 shares of company stock worth $4,549,949 in the last 90 days. Insiders own 1.64% of the company’s stock.

Victrex Company Profile

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.