Strix Group (LON:KETL) Sets New 52-Week Low – Here’s What Happened

Strix Group Plc (LON:KETLGet Free Report) reached a new 52-week low on Monday . The stock traded as low as GBX 32.20 and last traded at GBX 33.05, with a volume of 223283 shares. The stock had previously closed at GBX 33.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on KETL

Strix Group Trading Up 0.2%

The firm has a market cap of £65.35 million, a P/E ratio of 9.72 and a beta of 0.94. The company’s 50 day moving average is GBX 34.17 and its two-hundred day moving average is GBX 37.82. The company has a debt-to-equity ratio of 6.70, a current ratio of 2.74 and a quick ratio of 1.19.

About Strix Group

(Get Free Report)

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.

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