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

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 ($38.34) and last traded at GBX 2,955.14 ($36.38). 472,541 shares changed hands 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 Ratings Changes

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

Spectris Stock Performance

The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. 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 business’s 50 day simple moving average is GBX 2,535.95 and its 200 day simple moving average is GBX 2,701.42.

Insiders Place Their Bets

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