Spectris (LON:SXS) Trading Up 9.4% – Should You Buy?

Spectris plc (LON:SXS)’s stock price traded up 9.4% during mid-day trading on Thursday . The stock traded as high as GBX 3,114.76 ($38.34) and last traded at GBX 2,955.14 ($36.38). 472,541 shares were traded during trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.24).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a report on Thursday. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($57.95).

Spectris Price Performance

The stock has a market cap of £2.92 billion, a P/E ratio of 1,102.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. 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 firm has a 50-day moving average price of GBX 2,535.95 and a 200-day moving average price of GBX 2,701.42.

Insiders Place Their Bets

In related news, insider Alison Henwood purchased 19 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average price of GBX 2,599 ($32.00) per share, for a total transaction of £493.81 ($607.92). Also, insider Andrew Heath purchased 2,406 shares of Spectris stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of GBX 2,480 ($30.53) per share, with a total value of £59,668.80 ($73,456.60). Over the last 90 days, insiders bought 14,553 shares of company stock worth $36,045,861. 1.21% of the stock is 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.