Norma Group (NOEJ) Sets New 52-Week Low at $36.92

Norma Group SE (ETR:NOEJ) reached a new 52-week low during trading on Thursday . The stock traded as low as €36.92 ($42.93) and last traded at €37.28 ($43.35), with a volume of 186857 shares. The stock had previously closed at €37.56 ($43.67).

NOEJ has been the subject of several research reports. Deutsche Bank set a €56.00 ($65.12) price objective on Norma Group and gave the stock a “buy” rating in a research note on Friday, April 12th. Kepler Capital Markets set a €40.00 ($46.51) price objective on Norma Group and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Warburg Research set a €62.00 ($72.09) price objective on Norma Group and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Bank of America set a €41.00 ($47.67) price objective on Norma Group and gave the stock a “sell” rating in a research note on Wednesday, April 3rd. Finally, Hauck & Aufhaeuser set a €57.00 ($66.28) price objective on Norma Group and gave the stock a “buy” rating in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Norma Group has an average rating of “Hold” and a consensus target price of €53.00 ($61.63).

The company has a debt-to-equity ratio of 101.24, a current ratio of 1.71 and a quick ratio of 1.10. The stock has a market cap of $1.19 billion and a PE ratio of 12.93.

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Norma Group Company Profile (ETR:NOEJ)

NORMA Group SE, together with its subsidiaries, manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company provides quick connectors, hose clamps, retaining clamps, and pipe couplings. Its products are used in cooling system, emission control, air intake and induction, ancillary system, aviation, infrastructure, irrigation, marine, off-road, pharma and biotech, and road applications.

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