Norcros (LON:NXR) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Norcros plc (LON:NXR) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 309.41 and traded as low as GBX 280. Norcros shares last traded at GBX 282, with a volume of 44,345 shares.

Norcros Price Performance

The firm has a fifty day simple moving average of GBX 327.43 and a 200 day simple moving average of GBX 309.41. The company has a market capitalization of £266.16 million, a PE ratio of 21.16 and a beta of 0.95. The company has a debt-to-equity ratio of 44.20, a quick ratio of 0.91 and a current ratio of 1.93.

About Norcros

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under six brands:

· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks

Based in South Africa, Norcros operates under four brands:

· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.