Strix Group (LON:KETL) Trading Up 1.1% – Here’s What Happened

Strix Group Plc (LON:KETL)’s share price traded up 1.1% on Thursday . The company traded as high as GBX 50.15 ($0.65) and last traded at GBX 49.95 ($0.65). 239,775 shares changed hands during trading, a decline of 65% from the average session volume of 684,742 shares. The stock had previously closed at GBX 49.40 ($0.64).

Analysts Set New Price Targets

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

Strix Group Price Performance

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 company’s fifty day simple moving average is GBX 48.86 and its 200 day simple moving average is GBX 58.20. The firm has a market capitalization of £112.61 million, a PE ratio of 0.41 and a beta of 0.59.

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.