Norcros (LON:NXR) Shares Pass Below 200-Day Moving Average of $263.96 – Defense World
Norcros plc (LON:NXR – Get Rating)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 263.96 ($3.14) and traded as low as GBX 220 ($2.62). Norcros shares last traded at GBX 220 ($2.62), with a volume of 7,998 shares.
Separately, Shore Capital reaffirmed a “buy” rating on shares of Norcros in a research note on Monday, June 20th.
The company’s fifty day moving average is GBX 235.27 and its two-hundred day moving average is GBX 263.96. The company has a debt-to-equity ratio of 21.37, a quick ratio of 0.86 and a current ratio of 1.81. The company has a market cap of £196.17 million and a price-to-earnings ratio of 687.50.
The business also recently disclosed a dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 23rd will be given a GBX 6.90 ($0.08) dividend. This represents a yield of 2.76%. The ex-dividend date is Thursday, June 23rd. This is a positive change from Norcros’s previous dividend of $3.10. Norcros’s dividend payout ratio is currently 35.31%.
Norcros Company Profile (LON:NXR)
Norcros plc, together with its subsidiaries, designs, manufactures, and distributes 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 name; 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 name; 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 name.
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