Strix Group (LON:KETL) Hits New 12-Month Low - Time to Sell?

Key Points

• Strix Group's stock hit a new 52-week low at GBX 33.45 ($0.45) during trading, signaling a potential downturn for investors.
• Despite the decline, analysts maintain a "buy" rating, with Berenberg Bank lowering the price target to GBX 85 from GBX 90.
• The company has a market cap of £78.18 million and a debt-to-equity ratio of 225.66, indicating significant leverage.

Strix Group Plc (LON:KETL - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 33.45 ($0.45) and last traded at GBX 34 ($0.45), with a volume of 1300433 shares traded. The stock had previously closed at GBX 34.30 ($0.46).

Analysts Set New Price Targets

KETL has been the topic of several recent research reports. Shore Capital reaffirmed a "buy" rating on shares of Strix Group in a report on Tuesday, September 30th. Berenberg Bank decreased their price target on shares of Strix Group from GBX 90 to GBX 85 and set a "buy" rating on the stock in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of GBX 85.

Strix Group Stock Down 0.9%

The company has a fifty day moving average of GBX 41.30 and a two-hundred day moving average of GBX 42.83. The company has a market cap of £78.18 million, a PE ratio of 10.00 and a beta of 0.59. The company has a debt-to-equity ratio of 225.66, a quick ratio of 1.19 and a current ratio of 1.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.