Luxfer (NYSE:LXFR) Upgraded at StockNews.com

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

Luxfer Stock Performance

Shares of LXFR traded up $0.30 during mid-day trading on Tuesday, hitting $12.82. The stock had a trading volume of 68,156 shares, compared to its average volume of 89,182. The company has a market cap of $343.38 million, a PE ratio of 38.85, a PEG ratio of 2.29 and a beta of 0.88. Luxfer has a fifty-two week low of $7.55 and a fifty-two week high of $15.64. The company’s fifty day simple moving average is $13.81 and its two-hundred day simple moving average is $12.66. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On Luxfer

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

About Luxfer

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.