Strix Group (LON:KETL) Trading Down 0.4% – Here’s Why

Strix Group Plc (LON:KETL)’s share price was down 0.4% during trading on Tuesday . The stock traded as low as GBX 38.25 and last traded at GBX 38.60. Approximately 258,398 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 824,921 shares. The stock had previously closed at GBX 38.75.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Berenberg Bank dropped their target price on shares of Strix Group from GBX 75 to GBX 70 and set a “buy” rating for the company in a report on Tuesday, March 10th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 54 price target on shares of Strix Group in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 56.67.

Strix Group Stock Performance

The company has a market capitalization of £76.42 million, a PE ratio of 11.35 and a beta of 0.93. The stock’s fifty day simple moving average is GBX 40.79 and its 200-day simple moving average is GBX 42.87. The company has a debt-to-equity ratio of 192.67, a quick ratio of 1.19 and a current ratio of 1.68.

Insider Activity

In related news, insider Mark Adrian Kirkland sold 6,315 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of GBX 43, for a total transaction of £2,715.45. Insiders own 1.66% of the company’s stock.

Strix Group Company Profile

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.