Spectris (LON:SXS) Shares Up 9.4% – What’s Next?

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

Analyst Upgrades and Downgrades

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

Spectris Stock Performance

The company has a market capitalization of £2.92 billion, a PE ratio of 1,102.66, a P/E/G ratio of 2.74 and a beta of 0.61. The stock has a 50-day simple moving average of GBX 2,535.95 and a 200 day simple moving average of GBX 2,701.42. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03.

Insider Buying and Selling at Spectris

In other news, insider Alison Henwood bought 19 shares of Spectris stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost 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 the firm’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost of GBX 2,480 ($30.53) per share, for a total transaction of £59,668.80 ($73,456.60). Insiders have acquired 14,553 shares of company stock valued at $36,045,861 over the last quarter. Corporate insiders own 1.21% of the company’s stock.

Spectris Company Profile

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.