Stelrad Group (LON:SRAD) Posts Earnings Results

Stelrad Group (LON:SRAD) released its quarterly earnings results on Friday. The company reported GBX 7.43 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Stelrad Group had a return on equity of 1.61% and a net margin of 0.30%.

Stelrad Group Trading Up 1.3%

Shares of SRAD traded up GBX 2 during trading hours on Friday, hitting GBX 155. 38,442 shares of the stock traded hands, compared to its average volume of 113,881. The business has a fifty day moving average of GBX 152.50 and a 200-day moving average of GBX 140.10. The firm has a market capitalization of £197.40 million, a PE ratio of 234.85 and a beta of 0.40. Stelrad Group has a 1-year low of GBX 115.88 and a 1-year high of GBX 174. The company has a current ratio of 1.78, a quick ratio of 0.76 and a debt-to-equity ratio of 144.23.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 190 price objective on shares of Stelrad Group in a report on Friday. One analyst has rated the stock with a Buy rating, According to MarketBeat, Stelrad Group currently has an average rating of “Buy” and a consensus target price of GBX 190.

Insider Transactions at Stelrad Group

In other Stelrad Group news, insider Katherine Innes Ker bought 3,750 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were bought at an average cost of GBX 152 per share, for a total transaction of £5,700. Also, insider Martyn Coffey bought 15,000 shares of Stelrad Group stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of GBX 131 per share, for a total transaction of £19,650. 15.67% of the stock is owned by company insiders.

About Stelrad Group

Stelrad is a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey, selling an extensive range of standard and premium steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular radiators and other steel “column” radiators.