Spectris (LON:SXS) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Spectris plc (LON:SXS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,704.56 ($33.53) and traded as high as GBX 3,036 ($37.64). Spectris shares last traded at GBX 3,030.07 ($37.57), with a volume of 316,395 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a report on Thursday, January 23rd. 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, the company has an average rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.37).

Spectris Trading Up 1.7 %

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 company has a market capitalization of £2.99 billion, a P/E ratio of 1,130.62, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The firm has a fifty day moving average price of GBX 2,597.56 and a 200-day moving average price of GBX 2,702.23.

Insiders Place Their Bets

In related news, insider Andrew Heath purchased 2,406 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of GBX 2,480 ($30.75) per share, with a total value of £59,668.80 ($73,984.87). Also, insider Alison Henwood acquired 19 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of GBX 2,599 ($32.23) per share, for a total transaction of £493.81 ($612.29). Over the last quarter, insiders have 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.