Norcros (LON:NXR) Shares Pass Above 200-Day Moving Average of $162.74

Norcros plc (LON:NXRGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 162.74 ($2.04) and traded as high as GBX 188.23 ($2.36). Norcros shares last traded at GBX 184.50 ($2.31), with a volume of 15,570 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Norcros in a research note on Thursday, November 16th.

Get Our Latest Stock Analysis on Norcros

Norcros Trading Up 0.7 %

The company has a 50 day moving average of GBX 184.20 and a 200 day moving average of GBX 162.74. The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.91 and a current ratio of 2.10. The stock has a market capitalization of £165.79 million, a price-to-earnings ratio of 1,085.29 and a beta of 1.41.

Norcros Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, November 30th were paid a GBX 3.40 ($0.04) dividend. This represents a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, November 30th. Norcros’s dividend payout ratio (DPR) is presently 5,882.35%.

Insiders Place Their Bets

In other news, insider Thomas Willcocks sold 31,965 shares of the stock in a transaction on Thursday, November 23rd. The stock was sold at an average price of GBX 167 ($2.09), for a total transaction of £53,381.55 ($66,919.33). Corporate insiders own 10.45% of the company’s stock.

Norcros Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Norcros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norcros and related companies with's FREE daily email newsletter.