Spirent Communications (LON:SPT) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Spirent Communications plc (LON:SPT)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 174.74 ($2.16) and traded as high as GBX 182 ($2.25). Spirent Communications shares last traded at GBX 182 ($2.25), with a volume of 2,188,966 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SPT. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 199 ($2.46) price target on shares of Spirent Communications in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 225 ($2.78) price objective on shares of Spirent Communications in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 199 ($2.46) price target on shares of Spirent Communications in a research report on Thursday, January 16th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 236.80 ($2.92).

Spirent Communications Stock Up 2.2 %

The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.26. The firm has a market capitalization of £1.04 billion, a PE ratio of 9,100.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The business has a 50-day moving average price of GBX 175.79 and a 200-day moving average price of GBX 174.74.

Spirent Communications Company Profile

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.