Luxfer (NYSE:LXFR) Upgraded to “Strong-Buy” at StockNews.com

by · The Cerbat Gem

Luxfer (NYSE:LXFR – Get Free Report) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

Luxfer Trading Up 2.4 %

Shares of NYSE LXFR traded up $0.30 during midday trading on Tuesday, reaching $12.82. 68,156 shares of the stock were exchanged, compared to its average volume of 89,182. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. Luxfer has a 12 month low of $7.55 and a 12 month high of $15.64. The business has a 50-day simple moving average of $13.81 and a two-hundred day simple moving average of $12.66. The company has a market capitalization of $343.38 million, a price-to-earnings ratio of 38.85, a P/E/G ratio of 2.29 and a beta of 0.88.

Institutional Investors Weigh In On Luxfer

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. acquired a new position in Luxfer in the 2nd quarter valued at $25,000. SG Americas Securities LLC bought a new stake in shares of Luxfer in the third quarter valued at about $130,000. Algert Global LLC acquired a new position in shares of Luxfer in the second quarter valued at about $133,000. XTX Topco Ltd bought a new position in Luxfer during the third quarter worth about $146,000. Finally, MML Investors Services LLC raised its stake in Luxfer by 75.4% in the 3rd quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 8,223 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

About Luxfer

(Get Free Report)

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.

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