Luxfer (NYSE:LXFR) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Luxfer Holdings PLC (NYSE:LXFR) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

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

Luxfer Stock Up 0.5%

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 stock’s 50 day moving average price is $12.89 and its 200-day moving average price is $12.80. The company has a market cap of $375.98 million, a PE ratio of 26.55, a PEG ratio of 1.82 and a beta of 1.02.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Friday, October 17th were issued a $0.13 dividend. The ex-dividend date was Friday, October 17th. This represents a $0.52 annualized dividend and a dividend yield of 3.7%. Luxfer’s payout ratio is currently 98.11%.

Institutional Investors Weigh In On Luxfer

Institutional investors have recently bought and sold shares of the stock. Cambria Investment Management L.P. purchased a new position in Luxfer in the 3rd quarter worth approximately $149,000. Qube Research & Technologies Ltd increased its stake in shares of Luxfer by 25.8% in the third quarter. Qube Research & Technologies Ltd now owns 167,777 shares of the industrial products company’s stock worth $2,332,000 after buying an additional 34,434 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Luxfer during the 3rd quarter valued at $159,000. Alliancebernstein L.P. boosted its position in 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 buying an additional 1,400 shares during the period. Finally, Creative Planning purchased a new stake in Luxfer during the 3rd quarter valued at $211,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

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.