Hsbc Global Res upgraded shares of Spirax-Sarco Engineering (OTCMKTS:SPXSY - Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.
Separately, Barclays raised Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 4th.
View Our Latest Stock Report on SPXSY
Spirax-Sarco Engineering Stock Performance
OTCMKTS SPXSY traded down $0.11 during trading on Thursday, reaching $45.06. 65,157 shares of the company's stock were exchanged, compared to its average volume of 19,685. The business has a 50 day moving average price of $46.49 and a 200-day moving average price of $46.01. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61. Spirax-Sarco Engineering has a fifty-two week low of $39.28 and a fifty-two week high of $67.22.
About Spirax-Sarco Engineering
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Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.
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