Strix Group (LON:KETL) Trading Down 0.7% – Time to Sell?

Strix Group Plc (LON:KETL)’s stock price fell 0.7% during trading on Tuesday . The company traded as low as GBX 33.28 and last traded at GBX 34.50. 1,346,228 shares changed hands during mid-day trading, an increase of 76% from the average session volume of 765,466 shares. The stock had previously closed at GBX 34.75.

Wall Street Analyst Weigh In

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

Strix Group Trading Down 0.7%

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 company’s 50 day moving average price is GBX 39.45 and its two-hundred day moving average price is GBX 42.21. The firm has a market cap of £68.22 million, a PE ratio of 10.15 and a beta of 0.95.

Insider Activity

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