Insider Selling: Spirent Communications plc (LON:SPT) Insider Sells £103,501.52 in Stock

Spirent Communications plc (LON:SPT - Get Free Report) insider Eric Updyke sold 55,054 shares of Spirent Communications stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.44), for a total transaction of £103,501.52 ($134,225.81).

Spirent Communications Stock Down 0.2 %

Shares of LON:SPT traded down GBX 0.30 ($0.00) during trading on Thursday, reaching GBX 189.20 ($2.45). 2,845,207 shares of the company traded hands, compared to its average volume of 1,794,442. The firm has a market cap of £1.36 billion, a P/E ratio of 102.28, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The firm has a fifty day simple moving average of GBX 182.65 and a 200 day simple moving average of GBX 176.94. Spirent Communications plc has a 1-year low of GBX 166.20 ($2.16) and a 1-year high of GBX 203.80 ($2.64). The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SPT shares. Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 199 ($2.58) price objective on shares of Spirent Communications in a research report on Monday, December 2nd. Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 199 ($2.58) price objective on shares of Spirent Communications in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 225 ($2.92) price objective on shares of Spirent Communications in a report on Friday, November 22nd.

Spirent Communications Company Profile

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.

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