Strix Group (LON:KETL) Sets New 52-Week Low – Should You Sell?

Shares of Strix Group Plc (LON:KETL) hit a new 52-week low on Thursday . The stock traded as low as GBX 32.55 and last traded at GBX 32.55, with a volume of 581506 shares traded. The stock had previously closed at GBX 33.40.

Analyst Upgrades and Downgrades

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

Strix Group Stock Down 2.5%

The firm has a market cap of £64.36 million, a PE ratio of 9.57 and a beta of 0.95. 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 firm has a 50 day moving average price of GBX 39.27 and a 200-day moving average price of GBX 42.12.

Insider Buying and Selling

In other Strix Group news, insider Mark Adrian Kirkland sold 6,315 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of GBX 43, for a total value of £2,715.45. 1.66% of the stock is owned by company insiders.

About Strix Group

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.