Strix Group (LON:KETL) Shares Down 0.1% – Here’s Why

Strix Group Plc (LON:KETL)’s share price dropped 0.1% during mid-day trading on Friday . The stock traded as low as GBX 34.70 and last traded at GBX 34.70. Approximately 274,514 shares changed hands during trading, a decline of 62% from the average daily volume of 721,424 shares. The stock had previously closed at GBX 34.75.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reissued 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, Strix Group currently has a consensus rating of “Buy” and an average target price of GBX 56.67.

Strix Group Trading Down 0.1%

The stock has a market capitalization of £68.62 million, a P/E ratio of 10.21 and a beta of 0.94. The business has a 50 day simple moving average of GBX 36.59 and a 200-day simple moving average of GBX 40.46. The company has a debt-to-equity ratio of 186.31, a quick ratio of 1.19 and a current ratio of 1.40.

Strix Group Company Profile

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.