Norcros (LON:NXR) Reaches New 52-Week High at $249.00

Shares of Norcros plc (LON:NXR) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 249 ($3.33) and last traded at GBX 245 ($3.28), with a volume of 70560 shares traded. The stock had previously closed at GBX 244 ($3.27).

Wall Street Analysts Forecast Growth

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

Norcros Stock Performance

The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 40.60. The stock’s 50-day moving average price is GBX 230.21 and its 200-day moving average price is GBX 214.38. The company has a market capitalization of £219.23 million, a P/E ratio of 816.67 and a beta of 1.39.

Insider Buying and Selling

In related news, insider James Eyre sold 20,992 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of GBX 245 ($3.28), for a total value of £51,430.40 ($68,867.70). Corporate insiders own 10.97% of the company’s stock.

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.