Strix Group (LON:KETL) Stock Price Up 0.6% - Still a Buy?

Key Points

• Strix Group Plc's stock price increased by 0.6% during mid-day trading, closing at GBX 34.20 ($0.46), but saw a significant drop in trading volume of 60% compared to the average.
• Recent analyst reports indicate a generally optimistic outlook for Strix Group, with Berenberg Bank reducing their price target but maintaining a "buy" rating, while two analysts have rated it a “Buy” with a consensus target price of GBX 85.
• Strix Group has a market capitalization of £78.64 million and a relatively low PE ratio of 10.06, suggesting potential value for investors looking at small-cap stocks.

Strix Group Plc (LON:KETL - Get Free Report) shares rose 0.6% during mid-day trading on Friday . The stock traded as high as GBX 34.42 ($0.46) and last traded at GBX 34.20 ($0.46). Approximately 270,116 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 682,817 shares. The stock had previously closed at GBX 34 ($0.45).

Wall Street Analysts Forecast Growth

KETL has been the subject of several recent analyst reports. Berenberg Bank cut their price target on shares of Strix Group from GBX 90 to GBX 85 and set a "buy" rating for the company in a report on Thursday, October 2nd. Shore Capital reissued a "buy" rating on shares of Strix Group in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Strix Group has a consensus rating of "Buy" and a consensus target price of GBX 85.

Strix Group Stock Performance

The company has a market cap of £78.64 million, a PE ratio of 10.06 and a beta of 0.59. The firm's fifty day moving average is GBX 41.09 and its 200 day moving average is GBX 42.70. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 225.66.

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.

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