Spectris (LON:SXS) Stock Price Up 9.4% – Still a Buy?

Spectris plc (LON:SXS)’s stock price traded 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 changed 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 Analyst Weigh In

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

Spectris Price Performance

The company has a market cap 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 firm’s 50-day moving average is GBX 2,535.95 and its two-hundred day moving average is 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 Activity at Spectris

In other news, insider Mark Williamson bought 12,116 shares of Spectris stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of GBX 2,476 ($30.58) per share, with a total value of £299,992.16 ($370,543.68). Also, insider Andrew Heath bought 2,406 shares of the stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price of GBX 2,480 ($30.63) per share, with a total value of £59,668.80 ($73,701.58). In the last quarter, insiders acquired 14,553 shares of company stock valued at $36,045,861. 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.