Spectris (LON:SXS) Trading 9.4% Higher – Here’s What Happened

Spectris plc (LON:SXS)’s stock price was up 9.4% during mid-day trading on Thursday . The company traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). Approximately 472,541 shares changed hands during trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Spectris has a consensus rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.15).

Spectris Stock Up 9.4 %

The firm’s 50 day simple moving average is GBX 2,535.95 and its 200-day simple moving average is GBX 2,701.42. The stock has a market capitalization of £2.92 billion, a price-to-earnings ratio of 1,102.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

Insider Buying and Selling

In other Spectris news, insider Alison Henwood bought 19 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average price of GBX 2,599 ($32.10) per share, with a total value of £493.81 ($609.94). Also, insider Andrew Heath purchased 2,406 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of GBX 2,480 ($30.63) per share, for a total transaction of £59,668.80 ($73,701.58). Insiders have acquired a total of 14,553 shares of company stock valued at $36,045,861 over the last 90 days. 1.21% of the stock is owned by insiders.

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.