Norcros (LON:NXR) Share Price Passes Above 200-Day Moving Average of $298.21

Norcros plc (LON:NXR)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 298.21 ($3.90) and traded as high as GBX 300 ($3.92). Norcros shares last traded at GBX 290 ($3.79), with a volume of 17,855 shares.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Norcros in a research note on Wednesday, July 21st.

The business’s 50 day simple moving average is GBX 294.86 and its 200-day simple moving average is GBX 298.21. The company has a market cap of £234.83 million and a price-to-earnings ratio of 15.59. The company has a debt-to-equity ratio of 28.30, a quick ratio of 0.87 and a current ratio of 1.64.

In other Norcros news, insider Nick Kelsall sold 19,429 shares of Norcros stock in a transaction on Tuesday, July 27th. The shares were sold at an average price of GBX 312 ($4.08), for a total transaction of £60,618.48 ($79,198.43).

About Norcros (LON:NXR)

Norcros plc, together with its subsidiaries, designs, manufactures, and distributes bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric, and mixer showers and accessories under the Triton brand name; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; taps, mixer showers, bathroom accessories, high end brassware, and valves under the Vado brand name; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand name.

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