Spirent Communications (LON:SPT) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Spirent Communications plc (LON:SPT)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 176.31 ($2.26) and traded as high as GBX 189.50 ($2.42). Spirent Communications shares last traded at GBX 188 ($2.41), with a volume of 2,554,175 shares traded.

Analyst Upgrades and Downgrades

SPT has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 199 ($2.55) price objective on shares of Spirent Communications in a research note on Thursday, January 16th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 199 ($2.55) price target on shares of Spirent Communications in a research report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 225 ($2.88) price target on shares of Spirent Communications in a research note on Friday, November 22nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 236.80 ($3.03).

Spirent Communications Stock Up 0.4 %

The stock has a fifty day moving average price of GBX 181.01 and a 200-day moving average price of GBX 176.31. The firm has a market cap of £1.35 billion, a PE ratio of 102.01, a PEG ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82.

About Spirent Communications

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.