Luxfer Holdings PLC (ADR) (LXFR) was Upgraded by KeyBanc Capital Mkts to ” Overweight”. Earlier the firm had a rating of “Sector Weight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Apr 18, 2016.
Luxfer Holdings PLC (ADR) opened for trading at $11.38 and hit $11.77 on the upside on Friday, eventually ending the session at $11.69, with a gain of 3.18% or 0.36 points. The heightened volatility saw the trading volume jump to 52,045 shares. Company has a market cap of $315 M.
Luxfer Holdings PLC a holding company is a global materials technology company specializing in the design manufacture and supply of high-performance materials components and high-pressure gas-containment devices for healthcare environmental protection and specialty end-markets. The Company operates through two segments: Gas Cylinders division and Elektron division. The Elektron Division focuses on specialty materials based primarily on magnesium zirconium and rare earths and sells its products through two brands Magnesium Elektron and MEL Chemicals. The Gas Cylinders Division manufactures and markets specialized products using aluminum magnesium carbon composites and steel and sells its products through two brands Luxfer Gas Cylinders and Superform. Its areas of expertise include chemical and metallurgical properties of aluminum magnesium zirconium rare earths and carbon composites.