Strix Group (LON:KETL) Shares Down 0.4% – What’s Next?

Strix Group Plc (LON:KETL)’s stock price dropped 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 were traded during mid-day trading, a decline of 69% from the average daily volume of 824,921 shares. The stock had previously closed at GBX 38.75.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KETL shares. Berenberg Bank dropped their price objective on shares of Strix Group from GBX 75 to GBX 70 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 54 price objective on shares of Strix Group in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 56.67.

Strix Group Trading Down 0.6%

The firm has a market capitalization of £76.91 million, a PE ratio of 11.43 and a beta of 0.93. The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 192.67. The company’s 50-day simple moving average is GBX 40.75 and its 200 day simple moving average is GBX 42.90.

Insider Activity at Strix Group

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

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.