Norcros (LON:NXR) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Norcros plc (LON:NXR) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 310.43 and traded as low as GBX 285. Norcros shares last traded at GBX 289, with a volume of 34,699 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating and issued a GBX 630 target price on shares of Norcros in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 460.

Norcros Stock Down 4.2%

The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 44.20. The firm has a 50 day moving average price of GBX 286.12 and a two-hundred day moving average price of GBX 310.20. The firm has a market capitalization of £248.99 million, a price-to-earnings ratio of 19.79 and a beta of 1.02.

Norcros Company Profile

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under six brands:

· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks

Based in South Africa, Norcros operates under four brands:

· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.