Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 300 shares, a drop of 86.4% from the February 13th total of 2,200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on SPXSY shares. Hsbc Global Res raised Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Barclays upgraded Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 4th.
Get Our Latest Analysis on Spirax-Sarco Engineering
Spirax-Sarco Engineering Stock Down 1.9 %
OTCMKTS SPXSY traded down $0.90 during trading hours on Friday, hitting $45.18. The company had a trading volume of 14,333 shares, compared to its average volume of 17,279. Spirax-Sarco Engineering has a 52 week low of $39.28 and a 52 week high of $67.22. The firm has a 50 day simple moving average of $46.38 and a 200 day simple moving average of $46.11. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76.
About Spirax-Sarco Engineering
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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.
Further Reading
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