Spirent Communications (LON:SPT) Share Price Crosses Above 200 Day Moving Average - Here's Why

Shares of Spirent Communications plc (LON:SPT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 179.01 ($2.38) and traded as high as GBX 182.40 ($2.43). Spirent Communications shares last traded at GBX 182.40 ($2.43), with a volume of 1,165,292 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 199 ($2.65) price objective on shares of Spirent Communications in a report on Tuesday, April 1st.

Spirent Communications Price Performance

The company's 50 day simple moving average is GBX 184.37 and its 200 day simple moving average is GBX 179.14. The stock has a market capitalization of £1.32 billion, a PE ratio of 99.14, a PEG ratio of 5.73 and a beta of 0.57. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.25.

Insiders Place Their Bets

In other Spirent Communications news, insider Paula Bell sold 131,650 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 188 ($2.50), for a total transaction of £247,502 ($329,168.77). Also, insider Eric Updyke sold 55,054 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 188 ($2.50), for a total transaction of £103,501.52 ($137,653.30). 3.34% of the stock is owned by insiders.

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.