Norcros (LON:NXR) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Norcros plc (LON:NXR)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 309.27 and traded as low as GBX 266. Norcros shares last traded at GBX 272, with a volume of 144,284 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating and issued a GBX 630 price target on shares of Norcros in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 460.

Norcros Price Performance

The company has a debt-to-equity ratio of 65.07, a quick ratio of 0.91 and a current ratio of 1.92. The business’s fifty day simple moving average is GBX 284.99 and its 200 day simple moving average is GBX 309.27. The stock has a market cap of £244.49 million, a price-to-earnings ratio of 19.43 and a beta of 1.02.

Norcros Company Profile

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under six brands:

· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks

Based in South Africa, Norcros operates under four brands:

· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.