Strix Group (LON:KETL) Trading Down 1.8% – Here’s What Happened

Shares of Strix Group Plc (LON:KETL) dropped 1.8% on Monday . The stock traded as low as GBX 48.50 and last traded at GBX 48.50. Approximately 996,712 shares traded hands during trading, an increase of 30% from the average daily volume of 767,544 shares. The stock had previously closed at GBX 49.40.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KETL shares. Shore Capital Group reissued a “buy” rating and issued a GBX 46 price target on shares of Strix Group in a research note on Friday, December 19th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 75 price objective on shares of Strix Group in a report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Strix Group has an average rating of “Buy” and a consensus price target of GBX 60.50.

Strix Group Stock Performance

The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 225.66. The firm has a 50-day moving average price of GBX 47.58 and a two-hundred day moving average price of GBX 41.72. The firm has a market cap of £111.52 million, a PE ratio of 14.26 and a beta of 0.59.

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.