Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 3,000 shares, a decline of 59.5% from the December 31st total of 7,400 shares. Based on an average daily trading volume, of 65,300 shares, the days-to-cover ratio is presently 0.0 days.
Spirax-Sarco Engineering Stock Up 0.7 %
Shares of OTCMKTS:SPXSY traded up $0.36 during midday trading on Thursday, reaching $49.84. The company's stock had a trading volume of 22,944 shares, compared to its average volume of 19,175. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average price of $44.65 and a two-hundred day moving average price of $47.34. Spirax-Sarco Engineering has a fifty-two week low of $39.28 and a fifty-two week high of $69.37.
Analysts Set New Price Targets
Separately, Barclays raised Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 4th.
Get Our Latest Research Report on SPXSY
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Spirax-Sarco Engineering, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spirax-Sarco Engineering wasn't on the list.
While Spirax-Sarco Engineering currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
