Strix Group (LON:KETL) Shares Up 1.3% – Here’s Why

Strix Group Plc (LON:KETL) shares were up 1.3% during mid-day trading on Thursday . The company traded as high as GBX 50.27 ($0.64) and last traded at GBX 49.75 ($0.63). Approximately 255,713 shares traded hands during trading, a decline of 64% from the average daily volume of 708,084 shares. The stock had previously closed at GBX 49.10 ($0.62).

Wall Street Analyst Weigh In

Separately, Shore Capital upgraded shares of Strix Group to a “buy” rating in a report on Thursday, January 30th.

Strix Group Stock Performance

The company’s 50 day simple moving average is GBX 48.11 and its 200 day simple moving average is GBX 61.34. The company has a debt-to-equity ratio of 225.66, a quick ratio of 1.19 and a current ratio of 1.33. The stock has a market cap of £110.13 million, a PE ratio of 0.40 and a beta of 0.59.

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.