Strix Group (LON:KETL) Stock Price Up 7% – Here’s What Happened

Strix Group Plc (LON:KETL)’s share price rose 7% during mid-day trading on Tuesday . The stock traded as high as GBX 43 ($0.57) and last traded at GBX 42.80 ($0.57). Approximately 938,617 shares were traded during trading, an increase of 17% from the average daily volume of 804,788 shares. The stock had previously closed at GBX 40 ($0.53).

Wall Street Analysts Forecast Growth

Separately, Shore Capital raised shares of Strix Group to a “buy” rating in a report on Thursday, January 30th.

Strix Group Price Performance

The company has a debt-to-equity ratio of 225.66, a current ratio of 1.33 and a quick ratio of 1.19. The firm has a market cap of £91.30 million, a PE ratio of 0.34 and a beta of 0.59. The company has a 50 day moving average price of GBX 48.01 and a 200 day moving average price of GBX 52.53.

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.