Spectris (LON:SXS) Stock Price Up 9.4% – Here’s Why

Spectris plc (LON:SXS)’s share price rose 9.4% on Thursday . The stock traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). Approximately 472,541 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.71).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of Spectris in a report on Thursday. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($58.78).

Spectris Stock Performance

The firm has a market capitalization of £2.92 billion, a PE ratio of 1,100.75, a P/E/G ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The firm has a fifty day moving average price of GBX 2,552.34 and a 200 day moving average price of GBX 2,704.91.

Insider Activity

In other Spectris news, insider Mark Williamson acquired 12,116 shares of Spectris stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of GBX 2,476 ($30.92) per share, with a total value of £299,992.16 ($374,568.81). Also, insider Alison Henwood acquired 19 shares of Spectris stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average cost of GBX 2,599 ($32.45) per share, with a total value of £493.81 ($616.57). Insiders purchased a total of 14,553 shares of company stock valued at $36,045,861 over the last three months. Insiders own 1.21% of the company’s stock.

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.