Strix Group (LON:KETL) Hits New 12-Month Low – Here’s Why

Shares of Strix Group Plc (LON:KETL) reached a new 52-week low on Monday. The company traded as low as GBX 32.20 and last traded at GBX 33.30, with a volume of 22142 shares changing hands. The stock had previously closed at GBX 33.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price target on shares of Strix Group from GBX 70 to GBX 65 and set a “buy” rating on the stock in a research note on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Strix Group currently 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 £65.85 million, a P/E ratio of 9.79 and a beta of 0.94. The business has a 50 day moving average price of GBX 33.90 and a 200 day moving average price of GBX 37.35. The company has a quick ratio of 1.19, a current ratio of 2.74 and a debt-to-equity ratio of 6.70.

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.