Spirax-Sarco Engineering (LON:SPX) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Spirax-Sarco Engineering plc (LON:SPXGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7,389.63 ($92.24) and traded as high as GBX 7,740 ($96.62). Spirax-Sarco Engineering shares last traded at GBX 7,690 ($95.99), with a volume of 278,456 shares trading hands.

Spirax-Sarco Engineering Trading Up 0.9 %

The business’s 50 day moving average is GBX 6,956.80 and its two-hundred day moving average is GBX 7,381.96. The company has a quick ratio of 1.73, a current ratio of 2.26 and a debt-to-equity ratio of 98.81. The firm has a market capitalization of £5.66 billion, a P/E ratio of 2,957.69, a PEG ratio of 2.20 and a beta of 0.68.

About Spirax-Sarco Engineering

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Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.

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