Luxfer (NYSE:LXFR) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?
by Mitch Edgeman · The Markets DailyShares of Luxfer Holdings PLC (NYSE:LXFR – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.78 and traded as high as $14.12. Luxfer shares last traded at $14.00, with a volume of 30,825 shares.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Luxfer in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Read Our Latest Analysis on Luxfer
Luxfer Trading Down 0.4%
The company has a 50 day simple moving average of $12.86 and a two-hundred day simple moving average of $12.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.71 and a current ratio of 1.66. The firm has a market cap of $374.08 million, a PE ratio of 26.42, a P/E/G ratio of 1.82 and a beta of 1.02.
Luxfer Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Friday, October 17th were given a dividend of $0.13 per share. The ex-dividend date was Friday, October 17th. This represents a $0.52 dividend on an annualized basis and a yield of 3.7%. Luxfer’s payout ratio is currently 98.11%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC boosted its position in Luxfer by 8.7% in the 3rd quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 1,178 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Luxfer by 7.1% during the 3rd quarter. Alliancebernstein L.P. now owns 21,200 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 1,400 shares during the period. Savant Capital LLC boosted its position in Luxfer by 8.4% during the second quarter. Savant Capital LLC now owns 18,127 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 1,406 shares in the last quarter. Marshall Wace LLP increased its position in shares of Luxfer by 0.9% in the second quarter. Marshall Wace LLP now owns 172,736 shares of the industrial products company’s stock valued at $2,104,000 after buying an additional 1,570 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Luxfer in the 2nd quarter valued at $29,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.
Luxfer Company Profile
Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.
Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.