Strix Group (LON:KETL) Hits New 1-Year Low – What’s Next?

Strix Group Plc (LON:KETL) shares reached a new 52-week low on Thursday. The stock traded as low as GBX 31.50 and last traded at GBX 31.90, with a volume of 291,009 shares traded. The stock had previously closed at GBX 32.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their price target on Strix Group from GBX 70 to GBX 65 and set a “buy” rating for the company in a report on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 55.

Strix Group Price Performance

The company’s fifty day moving average price is GBX 33.39 and its two-hundred day moving average price is GBX 36.83. The company has a quick ratio of 1.19, a current ratio of 2.74 and a debt-to-equity ratio of 6.70. The company has a market cap of £63.33 million, a price-to-earnings ratio of 9.41 and a beta of 0.94.

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.