Spirax-Sarco Engineering (OTCMKTS:SPXSY) Rating Lowered to Hold at Hsbc Global Res

Hsbc Global Res lowered shares of Spirax-Sarco Engineering (OTCMKTS:SPXSY - Free Report) from a strong-buy rating to a hold rating in a report issued on Wednesday, February 5th,Zacks.com reports.

Separately, Barclays raised shares of Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 4th.

Spirax-Sarco Engineering Trading Down 0.5 %

Shares of OTCMKTS:SPXSY traded down $0.22 during trading on Wednesday, hitting $48.23. The company's stock had a trading volume of 87,014 shares, compared to its average volume of 23,700. Spirax-Sarco Engineering has a fifty-two week low of $39.28 and a fifty-two week high of $69.37. The stock's 50-day moving average price is $45.39 and its two-hundred day moving average price is $46.78. The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.76.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.