Strix Group (LON:KETL) Shares Up 1.7% – Time to Buy?

Strix Group Plc (LON:KETL)’s share price shot up 1.7% on Tuesday . The company traded as high as GBX 37.15 and last traded at GBX 36.35. 707,408 shares traded hands during trading, a decline of 37% from the average session volume of 1,125,735 shares. The stock had previously closed at GBX 35.75.

Wall Street Analysts Forecast Growth

KETL has been the topic of several analyst reports. Berenberg Bank decreased their price objective on Strix Group from GBX 75 to GBX 70 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Shore Capital Group reiterated a “buy” rating and set a GBX 46 target price on shares of Strix Group in a research report on Friday, December 19th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 58.

Strix Group Stock Up 1.7%

The stock has a fifty day moving average of GBX 44.50 and a two-hundred day moving average of GBX 41.50. 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 market cap of £82.79 million, a price-to-earnings ratio of 10.69 and a beta of 0.76.

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.