Spirax-Sarco Engineering (OTCMKTS:SPXSY) Reaches New 12-Month Low – What’s Next?

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $38.86 and last traded at $38.86, with a volume of 23235 shares trading hands. The stock had previously closed at $40.30.

Analysts Set New Price Targets

Separately, Hsbc Global Res raised Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 13th.

Spirax-Sarco Engineering Price Performance

The stock’s 50-day moving average is $46.20 and its two-hundred day moving average is $45.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25.

Spirax-Sarco Engineering Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.7609 per share. The ex-dividend date of this dividend is Friday, April 25th. This is an increase from Spirax-Sarco Engineering’s previous dividend of $0.27.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.