Spectris (LON:SXS) Trading Up 9.4% - Still a Buy?

Spectris plc (LON:SXS - Get Free Report)'s share price rose 9.4% during mid-day trading on Friday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). Approximately 472,541 shares traded hands 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 ($33.71).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "buy" rating on shares of Spectris in a research note on Thursday. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 4,707.50 ($58.78).

Spectris Stock Performance

The company has a market cap of £2.92 billion, a P/E ratio of 1,100.75, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company's 50-day moving average price is GBX 2,552.34 and its two-hundred day moving average price is GBX 2,704.91. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

Insider Buying and Selling at Spectris

In other news, insider Andrew Heath purchased 2,406 shares of Spectris stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of GBX 2,480 ($30.97) per share, for a total transaction of £59,668.80 ($74,502.19). Also, insider Alison Henwood bought 19 shares of Spectris stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average price of GBX 2,599 ($32.45) per share, with a total value of £493.81 ($616.57). Over the last 90 days, insiders have purchased 14,553 shares of company stock valued at $36,045,861. Corporate insiders own 1.21% of the company's stock.

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.