Spectris (LON:SXS) Stock Price Up 9.4% – What’s Next?

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

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a report on Thursday. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($58.78).

Spectris Stock Down 1.1 %

The firm 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 company has a fifty day simple moving average of GBX 2,552.34 and a 200 day simple moving average of GBX 2,704.91. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37.

Insider Buying and Selling

In other Spectris news, insider Mark Williamson acquired 12,116 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of GBX 2,476 ($30.92) per share, with a total value of £299,992.16 ($374,568.81). Also, insider Andrew Heath bought 2,406 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of GBX 2,480 ($30.97) per share, for a total transaction of £59,668.80 ($74,502.19). Insiders have bought a total of 14,553 shares of company stock worth $36,045,861 in the last quarter. Corporate 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.