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Luxfer (NYSE:LXFR) Share Price Crosses Above 200 Day Moving Average - Here's Why

Luxfer logo with Industrial Products background

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.82 and traded as high as $14.30. Luxfer shares last traded at $14.16, with a volume of 96,114 shares.

Analysts Set New Price Targets

Separately, StockNews.com lowered Luxfer from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 22nd.

View Our Latest Analysis on LXFR

Luxfer Trading Down 2.0 %

The firm has a market capitalization of $378.94 million, a price-to-earnings ratio of 42.88, a price-to-earnings-growth ratio of 1.82 and a beta of 0.88. The business's fifty day moving average is $13.65 and its 200 day moving average is $12.85. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29.

Luxfer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 17th will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, January 27th. This represents a $0.52 dividend on an annualized basis and a yield of 3.67%. Luxfer's payout ratio is 157.58%.

Institutional Trading of Luxfer

A number of hedge funds have recently made changes to their positions in LXFR. State Street Corp lifted its holdings in Luxfer by 0.3% during the 3rd quarter. State Street Corp now owns 558,847 shares of the industrial products company's stock worth $7,237,000 after purchasing an additional 1,413 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Luxfer by 5.6% during the fourth quarter. Rhumbline Advisers now owns 44,790 shares of the industrial products company's stock worth $586,000 after buying an additional 2,382 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Luxfer by 10.7% in the third quarter. BNP Paribas Financial Markets now owns 25,639 shares of the industrial products company's stock valued at $332,000 after acquiring an additional 2,470 shares during the period. SG Americas Securities LLC grew its stake in shares of Luxfer by 26.9% in the fourth quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company's stock valued at $166,000 after acquiring an additional 2,690 shares in the last quarter. Finally, R Squared Ltd bought a new position in Luxfer during the fourth quarter worth about $42,000. 90.82% of the stock is owned by institutional investors and hedge funds.

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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