Norcros’ (NXR) Buy Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Norcros (LON:NXR) in a research report report published on Thursday morning, Marketbeat reports.

Norcros Price Performance

NXR opened at GBX 247.14 ($3.11) on Thursday. The company has a debt-to-equity ratio of 40.60, a quick ratio of 0.91 and a current ratio of 2.02. Norcros has a 52-week low of GBX 161 ($2.03) and a 52-week high of GBX 283 ($3.56). The stock has a market capitalization of £221.17 million, a PE ratio of 823.33 and a beta of 1.39. The stock’s 50 day moving average price is GBX 252.68 and its 200-day moving average price is GBX 234.11.

Norcros Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 1.41%. Norcros’s dividend payout ratio (DPR) is presently 3,333.33%.

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.