Strix Group (LON:KETL) Stock Price Up 6.4% – Should You Buy?

Strix Group Plc (LON:KETL)’s stock price rose 6.4% during mid-day trading on Wednesday . The stock traded as high as GBX 63.91 ($0.83) and last traded at GBX 62.80 ($0.81). Approximately 1,082,243 shares changed hands during mid-day trading, an increase of 124% from the average daily volume of 483,300 shares. The stock had previously closed at GBX 59 ($0.77).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “hold” rating on shares of Strix Group in a research report on Thursday, July 25th.

Strix Group Price Performance

The company has a 50 day simple moving average of GBX 72.72 and a 200-day simple moving average of GBX 78.64. The stock has a market cap of £143.89 million, a price-to-earnings ratio of 2,076.67 and a beta of 0.59. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 222.14.

About Strix Group

Strix Group Plc designs, manufactures, and supplies kettle safety controls, and other components worldwide. The company offers thermostatic controls, cordless interfaces, and other products, such as water dispensers, taps, jugs, and filters. It also provides water heating and temperature control, steam management, and water filtration devices, as well as small household appliances for personal health and wellness.