Strix Group (LON:KETL) Insider Sells £2,715.45 in Stock

Strix Group Plc (LON:KETL) insider Mark Adrian Kirkland sold 6,315 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of GBX 43, for a total value of £2,715.45.

Strix Group Stock Performance

Shares of KETL stock opened at GBX 42.83 on Tuesday. The company has a debt-to-equity ratio of 192.67, a current ratio of 1.68 and a quick ratio of 1.19. Strix Group Plc has a fifty-two week low of GBX 32.50 and a fifty-two week high of GBX 52. The stock’s 50-day moving average is GBX 39.41 and its two-hundred day moving average is GBX 41.65. The firm has a market cap of £94.90 million, a P/E ratio of 12.60 and a beta of 0.90.

Analyst Upgrades and Downgrades

KETL has been the topic of several recent research reports. Berenberg Bank cut their price objective on shares of Strix Group from GBX 75 to GBX 70 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 54 target price on shares of Strix Group in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Strix Group presently has a consensus rating of “Buy” and an average price target of GBX 56.67.

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.