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

Spectris plc (LON:SXS) shot up 9.4% during trading on Thursday . The stock 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 Analyst Weigh In

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

Spectris Trading Up 9.4 %

The firm has a market cap of £2.92 billion, a P/E ratio of 1,102.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The stock has a fifty day simple moving average of GBX 2,535.95 and a 200 day simple moving average of GBX 2,701.42.

Insiders Place Their Bets

In other news, insider Andrew Heath bought 2,406 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of GBX 2,480 ($30.63) per share, with a total value of £59,668.80 ($73,701.58). Also, insider Mark Williamson purchased 12,116 shares of Spectris stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of GBX 2,476 ($30.58) per share, with a total value of £299,992.16 ($370,543.68). In the last 90 days, 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.