Spirent Communications (LON:SPT) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Spirent Communications plc (LON:SPT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 176.22 ($2.22) and traded as high as GBX 180.30 ($2.28). Spirent Communications shares last traded at GBX 179.30 ($2.26), with a volume of 168,265 shares traded.

Analyst Ratings Changes

SPT has been the topic of several recent research reports. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.51) price target on shares of Spirent Communications in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 225 ($2.84) target price on shares of Spirent Communications in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. reduced their price target on Spirent Communications from GBX 344 ($4.34) to GBX 321 ($4.05) and set an “overweight” rating for the company in a research report on Monday, September 16th.

Spirent Communications Price Performance

The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.26. The firm has a market capitalization of £1.02 billion, a price-to-earnings ratio of 8,880.00, a P/E/G ratio of 5.73 and a beta of 0.57. The company’s 50 day moving average is GBX 173.01 and its 200-day moving average is GBX 176.23.

About Spirent Communications

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.