Strix Group (LON:KETL) Hits New 1-Year Low – Time to Sell?

Strix Group Plc (LON:KETL) shares hit a new 52-week low during trading on Friday. The company traded as low as GBX 31.30 and last traded at GBX 32.50, with a volume of 431,162 shares changing hands. The stock had previously closed at GBX 32.05.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their target price on Strix Group from GBX 70 to GBX 65 and set a “buy” rating for the company in a research note on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, Strix Group presently has an average rating of “Buy” and an average target price of GBX 55.

Strix Group Stock Performance

The stock has a market cap of £64.32 million, a PE ratio of 9.56 and a beta of 0.92. The company has a debt-to-equity ratio of 6.70, a quick ratio of 1.19 and a current ratio of 2.74. The company’s 50 day simple moving average is GBX 33.15 and its 200 day simple moving average is GBX 38.51.

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.