Victrex (OTCMKTS:VTXPF) Sets New 52-Week High – Time to Buy?

Victrex PLC (OTCMKTS:VTXPF)’s share price reached a new 52-week high on Friday. The company traded as high as $12.89 and last traded at $12.89, with a volume of 500 shares changing hands. The stock had previously closed at $9.12.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VTXPF. Jefferies Financial Group reiterated a “hold” rating on shares of Victrex in a report on Friday, September 25th. Citigroup restated a “neutral” rating on shares of Victrex in a report on Friday, September 11th. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Victrex in a research report on Thursday, September 10th. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Victrex Trading Up 41.3%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 2.35. The stock’s fifty day simple moving average is $10.94 and its 200-day simple moving average is $9.76.

About Victrex

Victrex is a United Kingdom-based manufacturer of high-performance polymer solutions, best known for polyether ether ketone (PEEK) and related polyaryletherketone materials. The company develops and supplies polymers, semi-finished forms and components for use where durability, heat resistance or chemical resistance is important. Its products serve customers in industries including aerospace, automotive, electronics, energy, medical and industrial manufacturing. Victrex also supplies biomaterial solutions for medical applications through its Invibio business.