Strix Group (LON:KETL) Hits New 1-Year Low – Here’s What Happened

Strix Group Plc (LON:KETL) shares hit a new 52-week low on Thursday. The company traded as low as GBX 31.50 and last traded at GBX 31.90, with a volume of 291,009 shares changing hands. The stock had previously closed at GBX 32.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on shares of Strix Group from GBX 70 to GBX 65 and set a “buy” rating for the company in a report on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 55.

Strix Group Stock Performance

The stock has a fifty day simple moving average of GBX 33.50 and a 200-day simple moving average of GBX 36.89. The stock has a market cap of £63.13 million, a P/E ratio of 9.38 and a beta of 0.94. The company has a debt-to-equity ratio of 6.70, a quick ratio of 1.19 and a current ratio of 2.74.

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.