Norcros (LON:NXR) Share Price Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• Norcros shares slipped below their 200-day moving average, trading as low as GBX 279 versus the 200-day MA of GBX 310.77 on volume of 97,133 shares.
• Analysts maintain a positive view with a consensus "Buy" rating and a GBX 460 price target, and Shore Capital reissued a "house stock" rating.
• The company has a market cap of £250.7 million, a P/E of 19.93, a debt-to-equity ratio of 44.2%, and modest liquidity (current ratio 1.93, quick ratio 0.91).

Norcros plc (LON:NXR - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 310.77 and traded as low as GBX 279. Norcros shares last traded at GBX 279, with a volume of 97,133 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a "house stock" rating on shares of Norcros in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 460.

Norcros Price Performance

The firm has a market cap of £250.70 million, a P/E ratio of 19.93 and a beta of 1.07. The firm has a 50-day simple moving average of GBX 313.21 and a 200-day simple moving average of GBX 310.77. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 44.20.

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.

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