Strix Group (LON:KETL) Shares Down 2.5% – Should You Sell?

Strix Group Plc (LON:KETL) dropped 2.5% during trading on Thursday . The stock traded as low as GBX 45.93 ($0.60) and last traded at GBX 46.50 ($0.61). Approximately 951,658 shares were traded during trading, an increase of 35% from the average daily volume of 702,692 shares. The stock had previously closed at GBX 47.70 ($0.63).

Wall Street Analyst Weigh In

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

Strix Group Stock Performance

The company’s fifty day moving average is GBX 49.32 and its 200 day moving average is GBX 54.83. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 225.66. The company has a market capitalization of £104.83 million, a P/E ratio of 0.39 and a beta of 0.59.

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.