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

Spectris plc (LON:SXS) shares were 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). Approximately 472,541 shares changed hands during mid-day trading, a decline of 43% from the average daily 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 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 currently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.78).

Spectris Price Performance

The firm has a market capitalization of £2.92 billion, a P/E ratio of 1,100.75, a PEG 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 firm has a 50-day moving average of GBX 2,552.34 and a 200-day moving average of GBX 2,704.91.

Insider Activity at Spectris

In other news, insider Mark Williamson purchased 12,116 shares of the stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of GBX 2,476 ($30.92) per share, with a total value of £299,992.16 ($374,568.81). Also, insider Alison Henwood purchased 19 shares of the stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of GBX 2,599 ($32.45) per share, for a total transaction of £493.81 ($616.57). In the last three months, insiders have 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.