Strix Group (LON:KETL) Trading Down 0.7% – Here’s What Happened

Strix Group Plc (LON:KETL) shares dropped 0.7% during trading on Tuesday . The stock traded as low as GBX 33.28 and last traded at GBX 34.50. 1,346,228 shares traded hands during mid-day trading, an increase of 76% from the average daily volume of 765,466 shares. The stock had previously closed at GBX 34.75.

Analyst Ratings Changes

Separately, Stifel Nicolaus reissued a “buy” rating and set a GBX 54 target price on shares of Strix Group in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 56.67.

Strix Group Stock Performance

The company’s fifty day simple moving average is GBX 39.27 and its 200 day simple moving average is GBX 42.12. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 186.31. The stock has a market capitalization of £64.36 million, a P/E ratio of 9.57 and a beta of 0.95.

Insider Activity

In related news, insider Mark Adrian Kirkland sold 6,315 shares of Strix Group 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. Company 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.