Shares of Norcros (LON:NXR) cross below the two-hundred-day moving average of $247.31
Norcros plc (LON: NXR – Get an assessment) the stock price fell below its 200-day moving average during Monday’s trading. The stock has a 200-day moving average of 247.31 GBX ($2.99) and is trading as low as 216.45 GBX ($2.62). Norcros shares last traded at GBX 222 ($2.68), with volume traded at 21,538 shares.
Analyst upgrades and downgrades
Separately, Shore Capital reaffirmed a “buy” rating on Norcros shares in a Tuesday, July 19 report.
Norcros stock up 2.3%
The company’s fifty-day moving average is 227.63 GBX and its 200-day moving average is 247.31 GBX. The company has a market capitalization of £198.15 million and a P/E ratio of 693.75. The company has a debt ratio of 21.37, a quick ratio of 0.86 and a current ratio of 1.81.
Norcros increases its dividend
The company also recently declared a dividend, which was paid on Friday, July 29. Shareholders of record on Thursday, June 23 received a dividend of GBX 6.90 ($0.08). This is a boost from Norcros’ previous dividend of $3.10. The ex-dividend date was Thursday, June 23. This represents a dividend yield of 2.76%. Norcros’ dividend payout ratio is currently 35.31%.
Insiders place their bets
In other Norcros news, insider Nick Kelsall sold 25,222 shares of the company in a trade on Monday, July 25. The stock was sold at an average price of 225 GBX ($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 UK and South Africa. The company manufactures and distributes electric showers and mixer taps, as well as accessories under the Triton brand; shower cubicles and trays for the residential, commercial and hotel sectors under the Merlyn brand; faucets, shower mixers, bathroom accessories and valves under the Vado brand; and bathroom accessories and furniture, such as toilet seats, wall cabinets, vanity units, shower rods, rails and curtains for retail and professional customers under the Croydex brand.
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