Spectris (LON:SXS) Stock Price Up 69.3% – Here’s Why

Spectris plc (LON:SXS)’s share price shot up 69.3% during mid-day trading on Monday . The stock traded as high as GBX 3,546 ($48.00) and last traded at GBX 3,450 ($46.70). 5,091,208 shares were traded during mid-day trading, an increase of 335% from the average session volume of 1,171,013 shares. The stock had previously closed at GBX 2,038 ($27.59).

Analysts Set New Price Targets

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

Spectris Stock Up 69.3%

The stock has a market capitalization of £3.44 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 2.74 and a beta of 0.61. The firm has a 50-day moving average of GBX 2,035.39 and a 200 day moving average of GBX 2,439.18. 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

In other news, insider Derek Harding sold 22,577 shares of Spectris stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($32.76), for a total value of £546,363.40 ($739,528.15). Also, insider Andrew Heath sold 8,848 shares of the business’s stock in a transaction on 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). Insiders own 1.21% of the company’s stock.

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.