Strix Group (LON:KETL) Stock Price Down 0.4% – Here’s What Happened

Shares of Strix Group Plc (LON:KETL) were down 0.4% on Tuesday . The company traded as low as GBX 38.25 and last traded at GBX 38.60. Approximately 258,398 shares were traded during trading, a decline of 69% from the average daily volume of 824,921 shares. The stock had previously closed at GBX 38.75.

Analyst Ratings Changes

KETL has been the subject of several recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a GBX 54 price objective on shares of Strix Group in a research report on Thursday, May 7th. Berenberg Bank decreased their price target on shares of Strix Group from GBX 75 to GBX 70 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 56.67.

Strix Group Stock Performance

The firm has a market capitalization of £76.42 million, a price-to-earnings ratio of 11.35 and a beta of 0.93. The company has a debt-to-equity ratio of 192.67, a quick ratio of 1.19 and a current ratio of 1.68. The stock’s fifty day moving average is GBX 40.79 and its two-hundred day moving average is GBX 42.87.

Insider Buying and Selling at Strix Group

In other news, insider Mark Adrian Kirkland sold 6,315 shares of Strix Group stock in a transaction dated Thursday, May 14th. The stock was 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.

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.