Spectris (LON:SXS) Stock Price Up 64.4% – What’s Next?

Spectris plc (LON:SXS) shares rose 64.4% during mid-day trading on Monday . The company traded as high as GBX 3,546 ($48.00) and last traded at GBX 3,350 ($45.34). Approximately 5,333,409 shares traded hands during trading, an increase of 355% from the average daily volume of 1,173,235 shares. The stock had previously closed at GBX 2,038 ($27.59).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on shares of Spectris from GBX 3,180 ($43.04) to GBX 3,000 ($40.61) and set a “buy” rating on the stock in a report on Monday, March 10th.

Spectris Stock Up 60.2%

The firm has a 50-day simple moving average of GBX 2,035.39 and a 200 day simple moving average of GBX 2,439.18. The company has a market capitalization of £3.25 billion, a PE ratio of 12.09, a price-to-earnings-growth 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.

Insider Activity at Spectris

In other news, insider Derek Harding sold 22,577 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($32.76), for a total transaction of £546,363.40 ($739,528.15). Also, insider Andrew Heath sold 8,848 shares of Spectris stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($34.27), for a total value of £224,031.36 ($303,236.82). Company insiders own 1.21% of the company’s stock.

Spectris Company Profile

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.