Spirax-Sarco Engineering (OTCMKTS:SPXSY) Shares Down 3% – Should You Sell?

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY)’s share price dropped 3% on Wednesday . The company traded as low as $41.63 and last traded at $41.94. Approximately 9,984 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 7,371 shares. The stock had previously closed at $43.23.

Spirax-Sarco Engineering Stock Performance

The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76. The business’s 50 day simple moving average is $47.37 and its two-hundred day simple moving average is $52.51.

Spirax-Sarco Engineering Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, October 18th will be given a $0.2681 dividend. The ex-dividend date is Friday, October 18th.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.