Spectris (LON:SXS) Trading 9.4% Higher – Should You Buy?

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

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Spectris in a research report on Thursday. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($58.15).

Spectris Stock Performance

The firm has a fifty day moving average price of GBX 2,535.95 and a 200 day moving average price of GBX 2,701.42. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The firm has a market cap of £2.92 billion, a PE ratio of 1,102.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Insiders Place Their Bets

In related news, insider Mark Williamson purchased 12,116 shares of Spectris stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of GBX 2,476 ($30.58) per share, with a total value of £299,992.16 ($370,543.68). Also, insider Alison Henwood acquired 19 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of GBX 2,599 ($32.10) per share, for a total transaction of £493.81 ($609.94). Insiders have bought 14,553 shares of company stock valued at $36,045,861 over the last ninety days. Company insiders own 1.21% of the company’s stock.

About Spectris

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.