Spirent Communications (LON:SPT) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Spirent Communications plc (LON:SPT)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 175.12 ($2.18) and traded as high as GBX 185.50 ($2.31). Spirent Communications shares last traded at GBX 185.10 ($2.30), with a volume of 1,055,479 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on SPT. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.48) price objective on shares of Spirent Communications in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 225 ($2.80) target price on shares of Spirent Communications in a research report on Friday, November 22nd. Finally, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 199 ($2.48) price target on shares of Spirent Communications in a research report on Monday, December 2nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 236.80 ($2.95).

Spirent Communications Stock Up 0.1 %

The company has a debt-to-equity ratio of 5.26, a current ratio of 1.82 and a quick ratio of 1.95. The firm’s 50 day moving average price is GBX 178.88 and its two-hundred day moving average price is GBX 175.12. The firm has a market cap of £1.06 billion, a price-to-earnings ratio of 9,255.00, a P/E/G ratio of 5.73 and a beta of 0.57.

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.