Spectris (LON:SXS) Trading Up 9.4% – Time to Buy?

Spectris plc (LON:SXS) shares were up 9.4% on Thursday . The stock traded as high as GBX 3,114.76 ($38.34) and last traded at GBX 2,955.14 ($36.38). Approximately 472,541 shares traded 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 ($33.24).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($57.95).

Spectris Trading Up 9.4 %

The stock 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 current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The business’s 50-day moving average is GBX 2,535.95 and its two-hundred day moving average is GBX 2,701.42.

Insider Transactions at Spectris

In other news, insider Mark Williamson acquired 12,116 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of GBX 2,476 ($30.48) per share, for a total transaction of £299,992.16 ($369,312.03). Also, insider Alison Henwood acquired 19 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost of GBX 2,599 ($32.00) per share, with a total value of £493.81 ($607.92). Insiders purchased 14,553 shares of company stock valued at $36,045,861 over the last quarter. Company insiders own 1.21% of the company’s stock.

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.