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

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

Analyst Upgrades and Downgrades

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 given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($58.78).

Spectris Price Performance

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

Insider Buying and Selling at Spectris

In other Spectris news, insider Alison Henwood purchased 19 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were acquired at an average cost of GBX 2,599 ($32.45) per share, for a total transaction of £493.81 ($616.57). Also, insider Andrew Heath acquired 2,406 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of GBX 2,480 ($30.97) per share, with a total value of £59,668.80 ($74,502.19). Over the last 90 days, insiders have bought 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is owned by company insiders.

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.