Strix Group (LON:KETL) Stock Price Down 2.5% – Here’s Why

Strix Group Plc (LON:KETL) fell 2.5% during mid-day trading on Thursday . The stock traded as low as GBX 45.93 ($0.59) and last traded at GBX 46.50 ($0.60). 951,658 shares were traded during trading, an increase of 35% from the average session volume of 702,692 shares. The stock had previously closed at GBX 47.70 ($0.62).

Wall Street Analysts Forecast Growth

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

Strix Group Price Performance

The stock has a market cap of £100.43 million, a PE ratio of 0.37 and a beta of 0.59. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 225.66. The business’s 50-day simple moving average is GBX 49.26 and its 200-day simple moving average is GBX 54.56.

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.