Spectris (LON:SXS) Stock Price Up 9.4% - Here's Why

Shares of Spectris plc (LON:SXS - Get Free Report) were up 9.4% on Thursday . The stock traded as high as GBX 3,114.76 ($38.34) and last traded at GBX 2,955.14 ($36.38). Approximately 472,541 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.24).

Analyst Ratings Changes

Separately, Shore Capital reiterated a "buy" rating on shares of Spectris in a report on Thursday. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 4,707.50 ($57.95).

Spectris Stock Performance

The firm has a market capitalization of £2.92 billion, a P/E ratio of 1,102.66, a PEG ratio of 2.74 and a beta of 0.61. The company has a 50-day simple moving average of GBX 2,535.95 and a two-hundred day simple moving average of GBX 2,701.42. 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 Buying and Selling

In other Spectris news, insider Alison Henwood acquired 19 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of GBX 2,599 ($32.00) per share, with a total value of £493.81 ($607.92). Also, insider Mark Williamson bought 12,116 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of GBX 2,476 ($30.48) per share, with a total value of £299,992.16 ($369,312.03). Insiders acquired a total of 14,553 shares of company stock worth $36,045,861 in the last three months. 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.

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