Norcros (LON:NXR) Sets New 1-Year High – Still a Buy?

Norcros plc (LON:NXR)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 255 ($3.31) and last traded at GBX 253 ($3.28), with a volume of 408291 shares. The stock had previously closed at GBX 252 ($3.27).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Norcros in a research note on Wednesday, July 24th.

Norcros Stock Performance

The company has a fifty day moving average price of GBX 235.45 and a two-hundred day moving average price of GBX 221.63. The company has a debt-to-equity ratio of 40.60, a current ratio of 2.02 and a quick ratio of 0.91. The company has a market capitalization of £230.88 million, a P/E ratio of 860.00 and a beta of 1.39.

About Norcros

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.