Spirent Communications (LON:SPT) Shares Pass Above 200-Day Moving Average of $162.12

Spirent Communications plc (LON:SPT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 162.12 ($2.08) and traded as high as GBX 181.80 ($2.33). Spirent Communications shares last traded at GBX 181 ($2.32), with a volume of 812,497 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price target on shares of Spirent Communications from GBX 172.50 ($2.21) to GBX 199 ($2.55) and gave the company a “hold” rating in a research report on Wednesday, April 10th.

Spirent Communications Stock Up 0.4 %

The stock’s fifty day simple moving average is GBX 185.05 and its 200-day simple moving average is GBX 162.67. The stock has a market capitalization of £1.04 billion, a PE ratio of 6,056.67, a P/E/G ratio of 5.73 and a beta of 0.54. The company has a current ratio of 1.93, a quick ratio of 1.95 and a debt-to-equity ratio of 5.70.

About Spirent Communications

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.