Strix Group (LON:KETL) Hits New 52-Week Low – What’s Next?

Strix Group Plc (LON:KETL) shares reached a new 52-week low on Thursday. The company traded as low as GBX 31.45 and last traded at GBX 32.40, with a volume of 137,234 shares. The stock had previously closed at GBX 32.40.

Analyst Ratings Changes

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

Strix Group Stock Up 0.6%

The firm has a market cap of £64.42 million, a P/E ratio of 9.57 and a beta of 0.92. The company has a quick ratio of 1.19, a current ratio of 2.74 and a debt-to-equity ratio of 6.70. The business has a fifty day moving average of GBX 33.22 and a 200 day moving average of GBX 38.84.

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.