Spirax-Sarco Engineering (LON:SPX) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Spirax-Sarco Engineering plc (LON:SPXGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 7,332.22 ($91.30) and traded as high as GBX 7,830 ($97.50). Spirax-Sarco Engineering shares last traded at GBX 7,765 ($96.69), with a volume of 158,791 shares trading hands.

Spirax-Sarco Engineering Price Performance

The company has a debt-to-equity ratio of 98.81, a current ratio of 2.26 and a quick ratio of 1.73. The company has a fifty day moving average price of GBX 7,241.56 and a 200 day moving average price of GBX 7,332.22. The company has a market capitalization of £5.72 billion, a P/E ratio of 2,986.54, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

About Spirax-Sarco Engineering

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Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.

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