Victrex (OTCMKTS:VTXPF) Shares Gap Down – Here’s Why

Shares of Victrex PLC (OTCMKTS:VTXPF) gapped down before the market opened on Thursday . The stock had previously closed at $9.7810, but opened at $8.50. Victrex shares last traded at $8.50, with a volume of 400 shares.

Analyst Ratings Changes

VTXPF has been the subject of a number of recent analyst reports. Barclays downgraded Victrex from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Morgan Stanley restated an “overweight” rating on shares of Victrex in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Victrex Stock Up 8.5%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.58 and a current ratio of 3.81. The stock has a 50-day simple moving average of $9.47 and a 200-day simple moving average of $9.77.

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.