Insider Buying: Victrex plc (LON:VCT) Insider Acquires 2,103 Shares of Stock

Victrex plc (LON:VCT) insider Janet E. Ashdown bought 2,103 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was bought at an average cost of GBX 951 ($12.44) per share, with a total value of £19,999.53 ($26,153.43).

Victrex Stock Down 1.0 %

LON VCT traded down GBX 9 ($0.12) during mid-day trading on Thursday, reaching GBX 937 ($12.25). 110,832 shares of the company’s stock traded hands, compared to its average volume of 210,183. Victrex plc has a 1-year low of GBX 932 ($12.19) and a 1-year high of GBX 1,577 ($20.62). The company has a current ratio of 5.30, a quick ratio of 1.99 and a debt-to-equity ratio of 16.99. The company has a market cap of £815.47 million, a price-to-earnings ratio of 2,702.86, a P/E/G ratio of 1.92 and a beta of 0.69. The company has a fifty day simple moving average of GBX 1,053.80 and a 200-day simple moving average of GBX 1,188.77.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their target price on shares of Victrex from GBX 1,491 ($19.50) to GBX 1,290 ($16.87) and set a “hold” rating for the company in a research note on Wednesday, August 28th.

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.