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

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

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus restated a “buy” rating and set a GBX 54 price target on shares of Strix Group in a 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 a consensus rating of “Buy” and a consensus price target of GBX 56.67.

Strix Group Trading Down 0.1%

The business has a fifty day moving average price of GBX 36.59 and a two-hundred day moving average price of GBX 40.46. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 186.31. The firm has a market capitalization of £68.62 million, a PE ratio of 10.21 and a beta of 0.94.

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.