Spectris (LON:SXS) Trading 9.4% Higher – Here’s What Happened

Shares of Spectris plc (LON:SXS) shot up 9.4% 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 were traded during trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Analyst Upgrades and Downgrades

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

Spectris Stock Performance

The firm has a market capitalization of £2.92 billion, a PE ratio of 1,102.66, a PEG ratio of 2.74 and a beta of 0.61. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The company has a 50-day moving average of GBX 2,535.95 and a 200 day moving average of GBX 2,701.42.

Insider Transactions at Spectris

In other news, insider Mark Williamson acquired 12,116 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of GBX 2,476 ($30.58) per share, with a total value of £299,992.16 ($370,543.68). Also, insider Alison Henwood bought 19 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost of GBX 2,599 ($32.10) per share, with a total value of £493.81 ($609.94). Over 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 corporate 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.