Norcros (LON:NXR) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Norcros plc (LON:NXR - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 244.63 ($3.05) and traded as low as GBX 239 ($2.98). Norcros shares last traded at GBX 239 ($2.98), with a volume of 642,453 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NXR. Berenberg Bank reissued a "buy" rating and set a GBX 325 ($4.06) price objective on shares of Norcros in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 375 ($4.68) price target on shares of Norcros in a research note on Friday, November 22nd. Finally, Shore Capital reaffirmed a "buy" rating on shares of Norcros in a report on Thursday, November 21st.

Norcros Trading Down 1.7 %

The company has a market cap of £210.30 million, a price-to-earnings ratio of 783.33 and a beta of 1.39. 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 business's 50-day simple moving average is GBX 251.89 and its 200-day simple moving average is GBX 244.59.

Norcros (LON:NXR - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The company reported GBX 14.20 ($0.18) earnings per share (EPS) for the quarter. Norcros had a return on equity of 12.38% and a net margin of 6.84%. Research analysts predict that Norcros plc will post 31.3118812 earnings per share for the current fiscal year.

Norcros Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, November 28th were paid a dividend of GBX 3.50 ($0.04) per share. This represents a dividend yield of 1.41%. The ex-dividend date was Thursday, November 28th. Norcros's payout ratio is currently 3,333.33%.

Norcros Company Profile

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa. Based in the UK, Norcros operates under six brands: · Triton – Market leader in the manufacture and marketing of showers in the UK · Merlyn – UK and Ireland's No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors · Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels · Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves · Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories · Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks Based in South Africa, Norcros operates under four brands: · Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives · Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles · TAL – Leading manufacturer of ceramic and building adhesives in South Africa · House of Plumbing – Market-leading supplier of specialist plumbing materials Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.