Victrex (LON:VCT) Hits New 52-Week Low – Time to Sell?

Victrex plc (LON:VCT) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 873 ($11.33) and last traded at GBX 878.58 ($11.41), with a volume of 36347 shares changing hands. The stock had previously closed at GBX 886 ($11.50).

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their target price on Victrex from GBX 1,491 ($19.36) to GBX 1,290 ($16.75) and set a “hold” rating for the company in a research note on Wednesday, August 28th.

Victrex Price Performance

The company has a market cap of £763.25 million, a P/E ratio of 2,502.86, a P/E/G ratio of 1.92 and a beta of 0.69. The company’s 50-day moving average price is GBX 959.10 and its two-hundred day moving average price is GBX 1,118.70. The company has a current ratio of 5.30, a quick ratio of 1.99 and a debt-to-equity ratio of 16.99.

Insider Activity at Victrex

In other news, insider Jane Toogood bought 508 shares of Victrex stock in a transaction on Tuesday, September 24th. The shares were bought at an average price of GBX 937 ($12.17) per share, with a total value of £4,759.96 ($6,180.16). In other Victrex news, insider Jane Toogood acquired 508 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was acquired at an average price of GBX 937 ($12.17) per share, with a total value of £4,759.96 ($6,180.16). Also, insider Ros Rivaz purchased 1,950 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of GBX 1,020 ($13.24) per share, for a total transaction of £19,890 ($25,824.46). Insiders bought a total of 15,561 shares of company stock valued at $16,348,949 over the last three months. 1.64% of the stock is owned by 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.