Strix Group (LON:KETL) Sets New 12-Month Low – What’s Next?

Strix Group Plc (LON:KETL) hit a new 52-week low during trading on Monday . The company traded as low as GBX 32.20 and last traded at GBX 33.05, with a volume of 223283 shares trading hands. The stock had previously closed at GBX 33.

Analyst Ratings Changes

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

Strix Group Price Performance

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 stock has a market cap of £65.35 million, a price-to-earnings ratio of 9.72 and a beta of 0.94. The company’s 50-day moving average is GBX 34.17 and its 200-day moving average is GBX 37.82.

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.