Strix Group (LON:KETL) Stock Price Up 2.1% – Time to Buy?

Strix Group Plc (LON:KETL)’s share price traded up 2.1% during mid-day trading on Monday . The company traded as high as GBX 49.90 and last traded at GBX 49.50. 428,375 shares traded hands during trading, a decline of 24% from the average session volume of 564,362 shares. The stock had previously closed at GBX 48.50.

Analyst Ratings Changes

Several research firms have commented on KETL. Shore Capital restated a “buy” rating and issued a GBX 46 price target on shares of Strix Group in a research note on Friday, December 19th. Berenberg Bank decreased their target price on Strix Group from GBX 85 to GBX 75 and set a “buy” rating for the company in a report on Friday, November 28th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Strix Group currently has a consensus rating of “Buy” and a consensus price target of GBX 60.50.

Strix Group Stock Performance

The stock’s 50-day simple moving average is GBX 39.40 and its 200 day simple moving average is GBX 40.39. The company has a market capitalization of £113.81 million, a PE ratio of 14.56 and a beta of 0.59. The company has a debt-to-equity ratio of 225.66, a quick ratio of 1.19 and a current ratio of 1.33.

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.