Spectris (LON:SXS) Trading 9.4% Higher – Time to Buy?

Spectris plc (LON:SXS) shares shot up 9.4% during mid-day trading on Thursday . The stock traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). 472,541 shares changed 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 Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a research report on Thursday. One investment 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 has a consensus rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.78).

Spectris Stock Down 1.1 %

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

Insiders Place Their Bets

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