Spectris (LON:SXS) Stock Price Up 9.4% – Should You Buy?

Spectris plc (LON:SXS)’s share price rose 9.4% during trading on Thursday . The stock traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). Approximately 472,541 shares were traded during trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, Spectris has an average rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($58.15).

Spectris Stock Up 9.4 %

The company has a market cap of £2.92 billion, a PE ratio of 1,102.66, a PEG ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm has a fifty day simple moving average of GBX 2,535.95 and a 200 day simple moving average of GBX 2,701.42.

Insider Activity at Spectris

In other Spectris news, insider Alison Henwood bought 19 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of GBX 2,599 ($32.10) per share, with a total value of £493.81 ($609.94). Also, insider Andrew Heath purchased 2,406 shares of Spectris stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of GBX 2,480 ($30.63) per share, for a total transaction of £59,668.80 ($73,701.58). Over the last three months, insiders purchased 14,553 shares of company stock worth $36,045,861. 1.21% of the stock is 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.