Strix Group (LON:KETL) Stock Price Down 5.3% – Here’s What Happened

Strix Group Plc (LON:KETL)’s stock price traded down 5.3% during mid-day trading on Friday . The stock traded as low as GBX 34.10 and last traded at GBX 34.10. 762,113 shares were traded during mid-day trading, an increase of 12% from the average session volume of 678,121 shares. The stock had previously closed at GBX 36.

Analysts Set New Price Targets

KETL has been the topic of a number of analyst reports. Shore Capital reiterated a “buy” rating on shares of Strix Group in a research note on Tuesday, September 30th. Berenberg Bank lowered their price target on shares of Strix Group from GBX 90 to GBX 85 and set a “buy” rating for the company in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 85.

Strix Group Stock Down 5.3%

The firm has a fifty day simple moving average of GBX 38.53 and a 200-day simple moving average of GBX 41.92. The company has a market capitalization of £78.41 million, a PE ratio of 10.03 and a beta of 0.59. The company has a debt-to-equity ratio of 225.66, a quick ratio of 1.19 and a current ratio of 1.33.

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.