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

Spectris plc (LON:SXS) shares rose 9.4% during trading on Friday . The company traded as high as GBX 3,114.76 ($38.88) and last traded at GBX 2,955.14 ($36.89). 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 ($33.70).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a research note on Thursday. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, Spectris has an average rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($58.76).

Spectris Stock Down 1.1 %

The firm has a market capitalization of £2.92 billion, a price-to-earnings ratio of 1,100.75, a P/E/G ratio of 2.74 and a beta of 0.61. The stock has a fifty day moving average of GBX 2,552.34 and a two-hundred day moving average of GBX 2,703.79. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03.

Insider Activity at Spectris

In related news, insider Mark Williamson acquired 12,116 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of GBX 2,476 ($30.91) per share, for a total transaction of £299,992.16 ($374,475.30). Also, insider Andrew Heath acquired 2,406 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average price of GBX 2,480 ($30.96) per share, with a total value of £59,668.80 ($74,483.59). Insiders purchased 14,553 shares of company stock worth $36,045,861 over the last three months. Company insiders own 1.21% of the company’s stock.

About Spectris

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.