Spectris (LON:SXS) Trading 9.4% Higher – Should You Buy?

Spectris plc (LON:SXS)’s stock price rose 9.4% on Thursday . The stock traded as high as GBX 3,114.76 ($38.34) and last traded at GBX 2,955.14 ($36.38). Approximately 472,541 shares traded hands during trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.24).

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a research note on Thursday. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat, Spectris has an average rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($57.95).

Spectris Stock Performance

The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The firm has a 50 day moving average of GBX 2,535.95 and a 200-day moving average of GBX 2,701.42. The company has a market cap of £2.92 billion, a P/E ratio of 1,102.66, a PEG ratio of 2.74 and a beta of 0.61.

Insider Activity at Spectris

In other Spectris news, insider Alison Henwood bought 19 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of GBX 2,599 ($32.00) per share, for a total transaction of £493.81 ($607.92). Also, insider Andrew Heath bought 2,406 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was purchased at an average price of GBX 2,480 ($30.53) per share, for a total transaction of £59,668.80 ($73,456.60). Insiders bought 14,553 shares of company stock valued at $36,045,861 over the last 90 days. 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.