Strix Group (LON:KETL) Sets New 1-Year High at $297.00

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Strix Group Plc (LON:KETL) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 297 ($3.88) and last traded at GBX 297 ($3.88), with a volume of 253160 shares trading hands. The stock had previously closed at GBX 281 ($3.67).

Several research analysts recently weighed in on the company. Shore Capital reissued a “buy” rating on shares of Strix Group in a research report on Monday, January 18th. Canaccord Genuity upped their target price on Strix Group from GBX 265 ($3.46) to GBX 310 ($4.05) and gave the stock a “buy” rating in a research report on Monday, March 29th.

The firm has a 50 day moving average of GBX 265.53 and a two-hundred day moving average of GBX 239.11. The stock has a market cap of £605.92 million and a P/E ratio of 24.02. The company has a debt-to-equity ratio of 257.36, a quick ratio of 0.96 and a current ratio of 1.53.

The firm also recently announced a dividend, which will be paid on Wednesday, June 2nd. Investors of record on Thursday, May 6th will be paid a dividend of GBX 5.25 ($0.07) per share. This is an increase from Strix Group’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, May 6th. This represents a yield of 1.98%. Strix Group’s dividend payout ratio is presently 0.66%.

About Strix Group (LON:KETL)

Strix Group Plc designs, manufactures, and supplies kettle safety controls and other complementary water products for use in temperature control, steam management, and water filtration applications worldwide. The company offers thermostatic controls, cordless interfaces, water jugs, and filters. It also provides water heating and temperature control, steam management, and water filtration devices.

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