Norcros (LON:NXR) Stock Price Passes Above Two Hundred Day Moving Average of $175.36

Shares of Norcros plc (LON:NXR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 175.36 ($2.17) and traded as high as GBX 187.50 ($2.32). Norcros shares last traded at GBX 179 ($2.21), with a volume of 5,253 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Shore Capital restated a “buy” rating on shares of Norcros in a report on Thursday, April 11th. Berenberg Bank restated a “buy” rating and issued a GBX 325 ($4.01) price objective on shares of Norcros in a report on Thursday, April 11th. Finally, Numis Securities restated a “buy” rating and issued a GBX 315 ($3.89) price objective on shares of Norcros in a report on Thursday, April 11th.

Norcros Price Performance

The firm has a 50 day simple moving average of GBX 182.28 and a 200-day simple moving average of GBX 175.36. The company has a quick ratio of 0.91, a current ratio of 2.10 and a debt-to-equity ratio of 47.99. The company has a market cap of £160.38 million, a PE ratio of 1,118.75 and a beta of 1.43.

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.