Spectris (LON:SXS) Shares Up 9.4% - Time to Buy?

Spectris plc (LON:SXS - Get Free Report)'s stock price rose 9.4% during 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 were traded during 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 reissued a "buy" rating on shares of Spectris in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 4,707.50 ($58.78).

Spectris Stock Down 1.1 %

The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The stock has a market cap of £2.92 billion, a P/E ratio of 1,100.75, a PEG 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.

Insider Transactions at Spectris

In other Spectris news, insider Alison Henwood acquired 19 shares of the stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of GBX 2,599 ($32.45) per share, for a total transaction of £493.81 ($616.57). Also, insider Mark Williamson bought 12,116 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of GBX 2,476 ($30.92) per share, with a total value of £299,992.16 ($374,568.81). Insiders have acquired 14,553 shares of company stock worth $36,045,861 in the last 90 days. 1.21% of the stock is currently owned by insiders.

About Spectris

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.