Strix Group (LON:KETL) Reaches New 12-Month Low – Here’s Why

Strix Group Plc (LON:KETL)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 32.55 and last traded at GBX 32.55, with a volume of 581506 shares trading hands. The stock had previously closed at GBX 33.40.

Analyst Ratings Changes

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

Strix Group Trading Up 1.4%

The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 186.31. The stock has a market capitalization of £65.25 million, a P/E ratio of 9.71 and a beta of 0.95. The firm’s 50-day simple moving average is GBX 38.81 and its 200 day simple moving average is GBX 41.96.

Insider Activity

In related news, insider Mark Adrian Kirkland sold 6,315 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of GBX 43, for a total value of £2,715.45. 1.66% of the stock is owned by corporate insiders.

About Strix Group

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.