Strix Group (LON:KETL) Trading Down 13% - Time to Sell?

Key Points

• Strix Group Plc experienced a significant decline, falling 13% in trading, with shares trading as low as GBX 39.75 ($0.53) before rebounding slightly to GBX 40 ($0.54).
• Despite the drop, analyst firm Berenberg Bank reaffirmed a "buy" rating, setting a target price of GBX 90, indicating optimism about the stock's future performance.
• The company has a market capitalization of £91.94 million and notable debt-to-equity and price-to-earnings ratios, highlighting financial concerns amid the trading volatility.

Strix Group Plc (LON:KETL - Get Free Report) fell 13% during trading on Tuesday . The company traded as low as GBX 39.75 ($0.53) and last traded at GBX 40 ($0.54). 2,097,148 shares were traded during trading, an increase of 210% from the average session volume of 676,507 shares. The stock had previously closed at GBX 46 ($0.62).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 90 price target on shares of Strix Group in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Strix Group has an average rating of "Buy" and an average price target of GBX 90.

Strix Group Stock Down 13.0%

The stock has a market capitalization of £91.94 million, a price-to-earnings ratio of -6,666.67 and a beta of 0.59. The firm's fifty day moving average is GBX 43.21 and its 200-day moving average is GBX 44.16. The company has a debt-to-equity ratio of 225.66, a current ratio of 1.33 and a quick ratio of 1.19.

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.

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