Norcros plc (LON:NXR) Insider Sells £56,749.50 in Stock

Norcros plc (LON:NXR – Get Rating) insider Nick Kelsall sold 25,222 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of GBX 225 ($2.71), for a total transaction of £56,749.50 ($68,372.89).

Norcros Stock Performance

LON:NXR opened at GBX 218 ($2.63) on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.81 and a debt-to-equity ratio of 21.37. The company has a market cap of £194.39 million and a P/E ratio of 703.23. Norcros plc has a fifty-two week low of GBX 211 ($2.54) and a fifty-two week high of GBX 351.32 ($4.23). The firm’s 50 day moving average is GBX 233.78 and its two-hundred day moving average is GBX 257.50.

Norcros Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 29th. Stockholders of record on Thursday, June 23rd will be given a GBX 6.90 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, June 23rd. This represents a dividend yield of 2.76%. This is a positive change from Norcros’s previous dividend of $3.10. Norcros’s dividend payout ratio is presently 36.45%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Norcros in a research note on Tuesday, July 19th.

Norcros Company Profile

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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.