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

Spectris plc (LON:SXS) shot up 9.4% during trading on Thursday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). 472,541 shares traded 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 ($33.71).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Spectris presently has an average rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.78).

Spectris Stock Down 1.1 %

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 stock has a 50 day simple moving average of GBX 2,552.34 and a 200 day simple moving average of GBX 2,704.91. The firm has a market capitalization of £2.92 billion, a PE ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling at Spectris

In related news, insider Andrew Heath acquired 2,406 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of GBX 2,480 ($30.97) per share, for a total transaction of £59,668.80 ($74,502.19). Also, insider Alison Henwood purchased 19 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of GBX 2,599 ($32.45) per share, with a total value of £493.81 ($616.57). Insiders acquired 14,553 shares of company stock valued at $36,045,861 in the last 90 days. 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.