Norcros (LON:NXR) Share Price Crosses Below 200-Day Moving Average of $209.33

Norcros plc (LON:NXR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $209.33 and traded as low as $218.44. Norcros shares last traded at $221.08, with a volume of 53,905 shares trading hands.

Separately, Peel Hunt reissued a “buy” rating on shares of Norcros in a research report on Tuesday, August 20th.

The firm has a market capitalization of $179.44 million and a PE ratio of 9.33. The business has a 50-day moving average of GBX 222.52 and a 200 day moving average of GBX 209.33. The company has a current ratio of 1.99, a quick ratio of 1.02 and a debt-to-equity ratio of 49.48.

In other news, insider Nick Kelsall sold 43,496 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of GBX 208 ($2.72), for a total transaction of £90,471.68 ($118,217.27).

Norcros Company Profile (LON:NXR)

Norcros plc, together with its subsidiaries, engages in the development, manufacture, and marketing of 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; taps, mixer showers, bathroom accessories, high end brassware, 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.

Further Reading: Percentage Gainers

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