Spirent Communications (LON:SPT) Stock Passes Above 200 Day Moving Average - What's Next?

Spirent Communications plc (LON:SPT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 174.74 ($2.18) and traded as high as GBX 182 ($2.27). Spirent Communications shares last traded at GBX 182 ($2.27), with a volume of 2,188,966 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 199 ($2.48) price target on shares of Spirent Communications in a research report on Thursday, January 16th. Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 199 ($2.48) target price on shares of Spirent Communications in a research note on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 225 ($2.81) price target on shares of Spirent Communications in a research note on Friday, November 22nd. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of GBX 236.80 ($2.96).

Spirent Communications Stock Performance

The firm has a market capitalization of £1.04 billion, a P/E ratio of 9,100.00, a P/E/G ratio of 5.73 and a beta of 0.57. The stock has a fifty day moving average of GBX 175.98 and a 200-day moving average of GBX 174.79. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.26.

Spirent Communications Company Profile

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.