Spirax-Sarco Engineering (LON:SPX) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Spirax-Sarco Engineering plc (LON:SPXGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7,240.96 ($91.26) and traded as high as GBX 7,460 ($94.03). Spirax-Sarco Engineering shares last traded at GBX 7,311.60 ($92.16), with a volume of 143,892 shares traded.

Spirax-Sarco Engineering Price Performance

The company’s 50-day moving average price is GBX 7,333.56 and its 200-day moving average price is GBX 7,240.96. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. The firm has a market cap of £5.36 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering Company Profile

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Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.

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