Norcros (LON:NXR) Sets New 52-Week High – Still a Buy?

Norcros plc (LON:NXR) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 254 ($3.32) and last traded at GBX 254 ($3.32), with a volume of 160461 shares trading hands. The stock had previously closed at GBX 250 ($3.26).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of Norcros in a research note on Wednesday, July 24th.

Norcros Stock Performance

The company has a debt-to-equity ratio of 40.60, a current ratio of 2.02 and a quick ratio of 0.91. The business has a 50-day moving average of GBX 233.43 and a 200-day moving average of GBX 219.48. The firm has a market cap of £225.51 million, a price-to-earnings ratio of 840.00 and a beta of 1.39.

Insider Buying and Selling

In other Norcros news, insider James Eyre sold 20,992 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of GBX 245 ($3.20), for a total transaction of £51,430.40 ($67,159.05). 10.99% of the stock is owned by corporate insiders.

Norcros Company Profile

Norcros plc, together with its subsidiaries, develops, manufactures, and markets bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric and mixer showers, and accessories under the Triton brand; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; taps, mixer showers, bathroom accessories, and valves under the Vado brand; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand.