Strix Group (LON:KETL) Hits New 1-Year Low – Time to Sell?

Shares of Strix Group Plc (LON:KETL) reached a new 52-week low on Friday. The company traded as low as GBX 31.30 and last traded at GBX 32.50, with a volume of 431,162 shares changing hands. The stock had previously closed at GBX 32.05.

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 research report on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 55.

Strix Group Stock Performance

The business has a fifty day moving average of GBX 33.15 and a 200-day moving average of GBX 38.51. The company has a market cap of £64.32 million, a PE ratio of 9.56 and a beta of 0.92. 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.