Norcros (LON:NXR) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Norcros plc (LON:NXR) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 309.27 and traded as low as GBX 266. Norcros shares last traded at GBX 272, with a volume of 144,284 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “house stock” rating and set a GBX 630 price objective on shares of Norcros in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Norcros currently has an average rating of “Buy” and an average target price of GBX 460.

Norcros Stock Performance

The stock has a market cap of £244.49 million, a P/E ratio of 19.43 and a beta of 1.02. The firm’s 50-day moving average is GBX 284.99 and its two-hundred day moving average is GBX 309.27. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 65.07.

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.