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

Spectris plc (LON:SXS)’s stock price rose 9.4% on Friday . The stock 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 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 Analyst Weigh In

Separately, Shore Capital reaffirmed 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 issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($58.76).

Spectris Price Performance

The stock has a market capitalization of £2.92 billion, a price-to-earnings ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The stock’s 50 day simple moving average is GBX 2,552.34 and its 200-day simple moving average is GBX 2,703.79.

Insider Activity

In other news, insider Andrew Heath purchased 2,406 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of GBX 2,480 ($30.96) per share, with a total value of £59,668.80 ($74,483.59). Also, insider Alison Henwood purchased 19 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average cost of GBX 2,599 ($32.44) per share, for a total transaction of £493.81 ($616.41). Insiders have bought a total of 14,553 shares of company stock valued at $36,045,861 over the last 90 days. 1.21% of the stock is currently owned by company insiders.

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.