Strix Group (LON:KETL) Shares Up 7% – Should You Buy?

Strix Group Plc (LON:KETL) shot up 7% during trading on Tuesday . The stock traded as high as GBX 43 ($0.57) and last traded at GBX 42.80 ($0.57). 938,617 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 804,788 shares. The stock had previously closed at GBX 40 ($0.53).

Analysts Set New Price Targets

Separately, Shore Capital raised Strix Group to a “buy” rating in a research note on Thursday, January 30th.

Strix Group Trading Down 4.5 %

The business has a 50-day simple moving average of GBX 48.01 and a 200-day simple moving average of GBX 52.53. The company has a market cap of £91.30 million, a PE ratio of 0.34 and a beta of 0.59. The company has a quick ratio of 1.19, a current ratio of 1.33 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.