Spirent Communications (LON:SPT) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Spirent Communications plc (LON:SPT - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 176.03 ($2.21) and traded as high as GBX 179 ($2.25). Spirent Communications shares last traded at GBX 176.50 ($2.22), with a volume of 1,499,660 shares trading hands.

Wall Street Analysts Forecast Growth

SPT has been the topic of several research analyst reports. Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 199 ($2.50) price objective on shares of Spirent Communications in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 225 ($2.83) price target on shares of Spirent Communications in a research report on Friday, November 22nd. JPMorgan Chase & Co. cut their price objective on shares of Spirent Communications from GBX 344 ($4.32) to GBX 321 ($4.03) and set an "overweight" rating for the company in a research report on Monday, September 16th. Finally, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 199 ($2.50) target price on shares of Spirent Communications in a research report on Monday, December 2nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 236.80 ($2.98).

Spirent Communications Stock Down 1.0 %

The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.26. The business's fifty day moving average price is GBX 173.54 and its 200 day moving average price is GBX 176.03. The company has a market capitalization of £1.01 billion, a P/E ratio of 8,825.00, a P/E/G ratio of 5.73 and a beta of 0.57.

About Spirent Communications

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.