Norcros plc (LON:NXR – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 207.79 ($2.73) and traded as high as GBX 237 ($3.12). Norcros shares last traded at GBX 234 ($3.08), with a volume of 54,457 shares traded.
Analyst Upgrades and Downgrades
Separately, Shore Capital reissued a “buy” rating on shares of Norcros in a research note on Wednesday, July 24th.
Norcros Price Performance
Norcros Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th were issued a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 3.29%. The ex-dividend date of this dividend was Thursday, June 27th. This is an increase from Norcros’s previous dividend of $3.40. Norcros’s payout ratio is presently 3,333.33%.
Insider Buying and Selling at Norcros
In other news, insider James Eyre sold 20,992 shares of Norcros stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of GBX 245 ($3.22), for a total value of £51,430.40 ($67,627.09). In other Norcros news, insider Stefan Allanson acquired 11,305 shares of Norcros stock in a transaction that occurred on Tuesday, June 18th. The stock was purchased at an average cost of GBX 210 ($2.76) per share, with a total value of £23,740.50 ($31,216.96). Also, insider James Eyre sold 20,992 shares of Norcros stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of GBX 245 ($3.22), for a total value of £51,430.40 ($67,627.09). Insiders own 10.64% of the company’s stock.
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.
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