Strix Group (LON:KETL) Stock Price Down 0.7% – Time to Sell?

Strix Group Plc (LON:KETL) shares dropped 0.7% on Tuesday . The stock traded as low as GBX 33.28 and last traded at GBX 34.50. Approximately 1,346,228 shares traded hands during trading, an increase of 76% from the average daily volume of 765,466 shares. The stock had previously closed at GBX 34.75.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 54 price target on shares of Strix Group in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 56.67.

Strix Group Price Performance

The firm has a market cap of £68.22 million, a PE ratio of 10.15 and a beta of 0.95. The firm has a fifty day simple moving average of GBX 39.45 and a two-hundred day simple moving average of GBX 42.21. The company has a debt-to-equity ratio of 186.31, a quick ratio of 1.19 and a current ratio of 1.40.

Insider Activity at Strix Group

In other news, insider Mark Adrian Kirkland sold 6,315 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of GBX 43, for a total transaction of £2,715.45. Corporate insiders own 1.66% of the company’s stock.

Strix Group Company Profile

Founded in 1982, Isle of Man based Strix, is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration.

Strix’s core product range comprises a variety of safety controls for small domestic appliances, primarily kettles. Kettle safety controls require precision engineering and intricate knowledge of material properties in order to repeatedly function correctly.

Strix has built up market leading capability and know-how, expanding into complementary products and technologies.