Spectris (LON:SXS) Stock Price Up 9.4% – Here’s What Happened

Spectris plc (LON:SXS) shares rose 9.4% during trading on Thursday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). Approximately 472,541 shares were traded during trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.71).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Spectris in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, Spectris presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($58.78).

Spectris Stock Performance

The stock has a market capitalization 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 stock has a 50 day moving average of GBX 2,552.34 and a 200 day moving average of GBX 2,704.91. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36.

Insider Transactions at Spectris

In other Spectris news, insider Alison Henwood purchased 19 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of GBX 2,599 ($32.45) per share, with a total value of £493.81 ($616.57). Also, insider Andrew Heath purchased 2,406 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of GBX 2,480 ($30.97) per share, with a total value of £59,668.80 ($74,502.19). Over the last quarter, insiders acquired 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is currently owned by corporate 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.