Norcros (LON:NXR) Shares Pass Below Two Hundred Day Moving Average of $247.31 – Defense World
Norcros plc (LON:NXR – Get Rating)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 247.31 ($2.99) and traded as low as GBX 216.45 ($2.62). Norcros shares last traded at GBX 222 ($2.68), with a volume of 21,538 shares traded.
Analyst Upgrades and Downgrades
Separately, Shore Capital reaffirmed a “buy” rating on shares of Norcros in a report on Tuesday, July 19th.
Norcros Stock Up 2.3 %
The firm’s fifty day moving average is GBX 227.63 and its 200-day moving average is GBX 247.31. The company has a market capitalization of £198.15 million and a P/E ratio of 693.75. The company has a debt-to-equity ratio of 21.37, a quick ratio of 0.86 and a current ratio of 1.81.
Norcros Increases Dividend
The business also recently declared a dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, June 23rd were paid a GBX 6.90 ($0.08) dividend. This is a boost from Norcros’s previous dividend of $3.10. The ex-dividend date was Thursday, June 23rd. This represents a dividend yield of 2.76%. Norcros’s dividend payout ratio is presently 35.31%.
Insiders Place Their Bets
In other Norcros news, insider Nick Kelsall sold 25,222 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of GBX 225 ($2.72), for a total value of £56,749.50 ($68,571.17).
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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