Norcros (LON:NXR) Stock Passes Above 200-Day Moving Average – Here’s Why

Norcros plc (LON:NXR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 233.26 ($2.95) and traded as high as GBX 260 ($3.29). Norcros shares last traded at GBX 248 ($3.14), with a volume of 148,426 shares changing hands.

Analyst Upgrades and Downgrades

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

Norcros Trading Down 4.2 %

The stock has a market capitalization of £221.94 million, a price-to-earnings ratio of 826.67 and a beta of 1.39. The company has a debt-to-equity ratio of 40.60, a quick ratio of 0.91 and a current ratio of 2.02. The business has a 50-day moving average of GBX 251.80 and a 200-day moving average of GBX 233.26.

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.