Spectris (LON:SXS) Trading Up 10.9% - Here's Why

Spectris plc (LON:SXS - Get Free Report) rose 10.9% on Thursday . The stock traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,995.52 ($37.00). Approximately 641,436 shares traded hands during trading, a decline of 24% from the average daily volume of 839,624 shares. The stock had previously closed at GBX 2,700 ($33.35).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "buy" rating on shares of Spectris in a research note on Thursday. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, Spectris presently has a consensus rating of "Moderate Buy" and an average price target of GBX 4,707.50 ($58.15).

Spectris Stock Performance

The business has a 50-day moving average of GBX 2,535.95 and a two-hundred day moving average of GBX 2,701.42. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The company has a market cap of £2.92 billion, a P/E ratio of 1,102.66, a P/E/G ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling

In other Spectris news, insider Alison Henwood purchased 19 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of GBX 2,599 ($32.10) per share, for a total transaction of £493.81 ($609.94). Also, insider Mark Williamson acquired 12,116 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were bought at an average price of GBX 2,476 ($30.58) per share, for a total transaction of £299,992.16 ($370,543.68). Insiders bought a total of 14,553 shares of company stock worth $36,045,861 in the last 90 days. 1.21% of the stock is owned by corporate insiders.

Spectris Company Profile

The experts in providing insight through precision measurement. Our purpose is to deliver value beyond measure – going beyond just the measurement. Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software. Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently. This equips them with the ability to reduce time to market, improve processes, quality and yield.