Strix Group (LON:KETL) Reaches New 12-Month Low – Here’s Why

Strix Group Plc (LON:KETL) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 32.55 and last traded at GBX 32.55, with a volume of 581506 shares trading hands. The stock had previously closed at GBX 33.40.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 54 price objective on shares of Strix Group in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 56.67.

Strix Group Stock Performance

The firm’s 50-day moving average price is GBX 39.27 and its two-hundred day moving average price is GBX 42.12. The company has a debt-to-equity ratio of 186.31, a quick ratio of 1.19 and a current ratio of 1.40. The stock has a market cap of £64.36 million, a price-to-earnings ratio of 9.57 and a beta of 0.95.

Insider Activity

In other news, insider Mark Adrian Kirkland sold 6,315 shares of Strix Group stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of GBX 43, for a total transaction of £2,715.45. 1.66% of the stock is owned by corporate insiders.

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.