Strix Group (LON:KETL) Trading Down 1.6% – Time to Sell?

Strix Group Plc (LON:KETL)’s stock price traded down 1.6% during trading on Tuesday . The company traded as low as GBX 37.35 and last traded at GBX 37.70. 2,708,957 shares were traded during trading, an increase of 201% from the average session volume of 898,777 shares. The stock had previously closed at GBX 38.30.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Berenberg Bank decreased their price target on Strix Group from GBX 75 to GBX 70 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Stifel Nicolaus reissued a “buy” rating and set a GBX 54 price target on shares of Strix Group in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 56.67.

Strix Group Trading Down 1.6%

The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 192.67. The stock has a fifty day simple moving average of GBX 40.50 and a 200 day simple moving average of GBX 42.42. The firm has a market capitalization of £74.64 million, a P/E ratio of 11.09 and a beta of 0.93.

Insider Activity

In other news, insider Mark Adrian Kirkland sold 6,315 shares of Strix Group stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of GBX 43, for a total value 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.