Spectris (LON:SXS) Trading 10.9% Higher – What’s Next?

Spectris plc (LON:SXS)’s share price traded up 10.9% during trading on Thursday . The stock traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,995.52 ($37.40). 641,436 shares traded hands during trading, a decline of 24% from the average session volume of 839,624 shares. The stock had previously closed at GBX 2,700 ($33.71).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Spectris in a research report on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($58.78).

Spectris Stock Down 1.1 %

The stock has a market cap of £2.92 billion, a P/E ratio of 1,100.75, a P/E/G ratio of 2.74 and a beta of 0.61. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The firm’s fifty day moving average is GBX 2,552.34 and its 200 day moving average is GBX 2,704.91.

Insider Activity

In related news, insider Alison Henwood acquired 19 shares of the stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of GBX 2,599 ($32.45) per share, for a total transaction of £493.81 ($616.57). Also, insider Andrew Heath bought 2,406 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of GBX 2,480 ($30.97) per share, for a total transaction of £59,668.80 ($74,502.19). Over the last ninety days, insiders have acquired 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is owned by 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.