Shares of Strix Group Plc (LON:KETL – Get Free Report) reached a new 52-week low on Thursday. The company traded as low as GBX 31.45 and last traded at GBX 32.40, with a volume of 137,234 shares changing hands. The stock had previously closed at GBX 32.40.
Wall Street Analyst Weigh In
Separately, Berenberg Bank lowered their price target 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 analysts have rated the stock with a Buy rating. According to data from MarketBeat, Strix Group has an average rating of “Buy” and an average price target of GBX 55.
Read Our Latest Analysis on KETL
Strix Group Price Performance
The company has a debt-to-equity ratio of 6.70, a current ratio of 2.74 and a quick ratio of 1.19. The company has a market capitalization of £64.12 million, a P/E ratio of 9.53 and a beta of 0.94. The company has a 50 day moving average of GBX 33.29 and a 200-day moving average of GBX 39.
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.
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