Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) shot up 1.8% on Thursday . The company traded as high as $40.33 and last traded at $40.33. 34,133 shares changed hands during mid-day trading, an increase of 44% from the average session volume of 23,635 shares. The stock had previously closed at $39.62.
Wall Street Analysts Forecast Growth
Separately, Hsbc Global Res cut Spirax-Sarco Engineering from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th.
Read Our Latest Analysis on Spirax-Sarco Engineering
Spirax-Sarco Engineering Price Performance
The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25. The business has a 50 day moving average of $42.66 and a 200-day moving average of $44.19.
Spirax-Sarco Engineering Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, April 25th will be paid a $0.7609 dividend. This is an increase from Spirax-Sarco Engineering's previous dividend of $0.27. The ex-dividend date is Friday, April 25th.
Spirax-Sarco Engineering Company Profile
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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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