Norcros (LON:NXR) Sets New 1-Year High – Here’s What Happened

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

Analysts Set New Price Targets

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

Norcros Stock Performance

The company has a 50-day simple moving average of GBX 233.43 and a 200 day simple moving average of GBX 219.48. The company has a market capitalization of £225.51 million, a P/E ratio of 840.00 and a beta of 1.39. The company has a debt-to-equity ratio of 40.60, a quick ratio of 0.91 and a current ratio of 2.02.

Insider Buying and Selling at Norcros

In other news, insider James Eyre sold 20,992 shares of the stock in a transaction 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). Company insiders own 10.99% of the company’s stock.

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.