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Spirax-Sarco Engineering (OTCMKTS:SPXSY) Shares Down 3% - What's Next?

Spirax-Sarco Engineering logo with Construction background

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) shares fell 3% during mid-day trading on Wednesday . The company traded as low as $41.63 and last traded at $41.94. 9,984 shares traded hands during trading, an increase of 35% from the average session volume of 7,371 shares. The stock had previously closed at $43.23.

Spirax-Sarco Engineering Price Performance

The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $47.22 and a two-hundred day simple moving average of $52.44.

Spirax-Sarco Engineering Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, October 18th will be given a dividend of $0.2681 per share. The ex-dividend date is Friday, October 18th.

About Spirax-Sarco Engineering

(Get Free Report)

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.

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