Luxfer (NYSE:LXFR) Shares Pass Above 200 Day Moving Average – Time to Sell?

Luxfer Holdings PLC (NYSE:LXFR) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.22 and traded as high as $15.37. Luxfer shares last traded at $15.2640, with a volume of 186,276 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Luxfer in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Luxfer Stock Down 0.8%

The company has a market capitalization of $403.87 million, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. 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’s fifty day moving average is $13.93 and its 200-day moving average is $13.24.

Luxfer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Friday, January 23rd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.52 annualized dividend and a dividend yield of 3.4%. Luxfer’s dividend payout ratio (DPR) is 98.11%.

Institutional Trading of Luxfer

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in Luxfer in the 4th quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC increased its holdings in Luxfer by 9.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 35,765 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 3,125 shares during the period. Diversified Trust Co. bought a new position in Luxfer during the 4th quarter worth $139,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Luxfer in the 4th quarter valued at about $142,000. Finally, Cambria Investment Management L.P. bought a new position in shares of Luxfer during the third quarter worth about $149,000. 90.82% of the stock is owned by institutional investors and hedge funds.

About Luxfer

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.