Spectris (LON:SXS) Trading 9.4% Higher – Here’s Why

Spectris plc (LON:SXS)’s stock price traded up 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). 472,541 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Analyst Ratings Changes

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

Spectris Stock Performance

The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The company has a fifty day moving average of GBX 2,535.95 and a two-hundred day moving average of GBX 2,701.42. The stock has a market capitalization of £2.92 billion, a P/E ratio of 1,102.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Insider Activity

In other Spectris news, insider Alison Henwood acquired 19 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of GBX 2,599 ($32.10) per share, for a total transaction of £493.81 ($609.94). Also, insider Mark Williamson bought 12,116 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of GBX 2,476 ($30.58) per share, with a total value of £299,992.16 ($370,543.68). In the last ninety days, insiders bought 14,553 shares of company stock worth $36,045,861. 1.21% of the stock is currently owned by insiders.

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.