Spectris (LON:SXS) Hits New 1-Year Low - Should You Sell?

Spectris plc (LON:SXS - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 2,370 ($30.74) and last traded at GBX 2,516 ($32.63), with a volume of 1640031 shares trading hands. The stock had previously closed at GBX 2,574 ($33.38).

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Bank of America reaffirmed a "buy" rating and issued a GBX 2,950 ($38.26) target price on shares of Spectris in a report on Monday, September 2nd. Shore Capital upgraded Spectris to a "buy" rating in a research note on Monday, September 9th. Jefferies Financial Group cut their price target on Spectris from GBX 4,435 ($57.52) to GBX 4,190 ($54.34) and set a "buy" rating for the company in a research note on Friday, July 12th. Finally, Berenberg Bank raised shares of Spectris to a "buy" rating and lifted their price target for the stock from GBX 3,520 ($45.65) to GBX 3,920 ($50.84) in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 4,707.50 ($61.05).

Spectris Stock Performance

The company has a market capitalization of £2.48 billion, a P/E ratio of 944.78, a P/E/G ratio of 2.74 and a beta of 0.61. The business's fifty day simple moving average is GBX 2,711.75 and its 200-day simple moving average is GBX 2,965.02. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36.

Insider Activity at Spectris

In other Spectris news, insider Mark Williamson purchased 706 shares of the stock in a transaction on Monday, August 5th. The stock was acquired at an average price of GBX 2,832 ($36.73) per share, with a total value of £19,993.92 ($25,929.09). Insiders purchased 716 shares of company stock worth $2,028,097 in the last 90 days. 1.21% of the stock is owned by corporate insiders.

About Spectris

Spectris plc provides precision measurement solutions worldwide. It operates through Spectris Scientific, Spectris Dynamics, and Other segments. The Spectris Scientific segment provides advanced sensors and instruments used to measure, analyze, and characterize materials; and monitor ultra-clean manufacturing environments.