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

Spectris plc (LON:SXS)’s stock price was up 9.4% on Thursday . The stock traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). Approximately 472,541 shares traded hands during trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Spectris in a research report on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.15).

Spectris Stock Up 9.4 %

The stock has a 50 day moving average price of GBX 2,535.95 and a 200 day moving average price of GBX 2,701.42. The company has a market capitalization of £2.92 billion, a P/E ratio of 1,102.66, a PEG 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.

Insider Buying and Selling at Spectris

In related news, insider Andrew Heath bought 2,406 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of GBX 2,480 ($30.63) per share, for a total transaction of £59,668.80 ($73,701.58). Also, insider Alison Henwood purchased 19 shares of Spectris stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of GBX 2,599 ($32.10) per share, with a total value of £493.81 ($609.94). Over the last ninety days, insiders bought 14,553 shares of company stock valued at $36,045,861. Company insiders own 1.21% of the company’s stock.

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.