Norcros (LON:NXR) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Norcros plc (LON:NXR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 240.03 ($3.24) and traded as high as GBX 275 ($3.71). Norcros shares last traded at GBX 275 ($3.71), with a volume of 51,384 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Berenberg Bank reissued a "buy" rating and issued a GBX 350 ($4.73) target price on shares of Norcros in a report on Thursday, April 10th. Shore Capital reissued a "buy" rating on shares of Norcros in a research note on Thursday, April 10th.

Norcros Trading Down 1.8%

The stock has a 50 day simple moving average of GBX 243.68 and a 200-day simple moving average of GBX 240.11. The company has a current ratio of 2.00, a quick ratio of 0.91 and a debt-to-equity ratio of 40.60. The firm has a market cap of £239.66 million, a P/E ratio of 8.90 and a beta of 1.39.

About Norcros

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa. Based in the UK, Norcros operates under six brands: · Triton – Market leader in the manufacture and marketing of showers in the UK · Merlyn – UK and Ireland's No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors · Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels · Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves · Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories · Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks Based in South Africa, Norcros operates under four brands: · Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives · Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles · TAL – Leading manufacturer of ceramic and building adhesives in South Africa · House of Plumbing – Market-leading supplier of specialist plumbing materials Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.