Spectris (LON:SXS) Trading Up 9.4% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a research report on Thursday. One research 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, Spectris presently has a consensus rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($58.15).

Spectris Trading Up 9.4 %

The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The firm has a market capitalization of £2.92 billion, a PE ratio of 1,102.66, a PEG ratio of 2.74 and a beta of 0.61. The firm’s fifty day moving average is GBX 2,535.95 and its two-hundred day moving average is GBX 2,701.42.

Insider Activity at Spectris

In related news, insider Andrew Heath purchased 2,406 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was bought 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 the stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of GBX 2,599 ($32.10) per share, for a total transaction of £493.81 ($609.94). Over the last three months, insiders acquired 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is owned by insiders.

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.