Strix Group (LON:KETL) Hits New 1-Year Low – Here’s What Happened

Strix Group Plc (LON:KETL)’s stock price reached a new 52-week low on Thursday. The company traded as low as GBX 31.50 and last traded at GBX 31.90, with a volume of 291,009 shares. The stock had previously closed at GBX 32.50.

Analyst Ratings Changes

Separately, Berenberg Bank decreased their price target on shares of Strix Group from GBX 70 to GBX 65 and set a “buy” rating for the company in a research note on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 55.

Strix Group Stock Down 1.8%

The firm’s 50 day simple moving average is GBX 33.50 and its 200-day simple moving average is GBX 36.89. The company has a current ratio of 2.74, a quick ratio of 1.19 and a debt-to-equity ratio of 6.70. The stock has a market capitalization of £63.13 million, a price-to-earnings ratio of 9.38 and a beta of 0.94.

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.