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

Strix Group Plc (LON:KETL)’s stock price hit a new 52-week low during trading on Monday. The company traded as low as GBX 32.20 and last traded at GBX 33.30, with a volume of 22142 shares. The stock had previously closed at GBX 33.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price objective on Strix Group from GBX 70 to GBX 65 and set a “buy” rating for the company in a research note on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 55.

Strix Group Stock Down 0.6%

The company’s 50-day moving average is GBX 33.90 and its 200 day moving average is GBX 37.35. The stock has a market capitalization of £65.85 million, a PE ratio of 9.79 and a beta of 0.94. The company has a current ratio of 2.74, a quick ratio of 1.19 and a debt-to-equity ratio of 6.70.

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.