Spirent Communications plc (LON:SPT - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 178.80 ($2.37) and traded as high as GBX 179.40 ($2.38). Spirent Communications shares last traded at GBX 174.60 ($2.31), with a volume of 2,268,607 shares traded.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 199 ($2.64) price objective on shares of Spirent Communications in a research note on Tuesday, April 1st.
Get Our Latest Stock Analysis on SPT
Spirent Communications Trading Up 1.8 %
The firm's 50 day moving average is GBX 184.54 and its 200 day moving average is GBX 178.92. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.82 and a quick ratio of 1.95. The company has a market capitalization of £1.27 billion, a PE ratio of 95.90, a P/E/G ratio of 5.73 and a beta of 0.57.
Insider Buying and Selling at Spirent Communications
In related news, insider Eric Updyke sold 55,054 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.49), for a total value of £103,501.52 ($137,142.60). Also, insider Paula Bell sold 131,650 shares of Spirent Communications stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 188 ($2.49), for a total transaction of £247,502 ($327,947.53). Over the last quarter, insiders have bought 202 shares of company stock worth $37,495. 3.34% of the stock is currently owned by company insiders.
About Spirent Communications
(
Get Free Report)
Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.
Further Reading
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