Spectris (LON:SXS) Trading 9.4% Higher – Here’s What Happened

Spectris plc (LON:SXS)’s share price rose 9.4% during mid-day trading on Friday . The company traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). Approximately 472,541 shares were traded during trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of Spectris in a research report on Thursday. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($58.15).

Spectris Price Performance

The stock has a fifty day moving average of GBX 2,535.95 and a 200-day moving average of GBX 2,701.42. The firm has a market capitalization of £2.98 billion, a P/E ratio of 1,125.37, a PEG ratio of 2.74 and a beta of 0.61. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37.

Insiders Place Their Bets

In other Spectris news, insider Andrew Heath acquired 2,406 shares of Spectris stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost of GBX 2,480 ($30.63) per share, with a total value of £59,668.80 ($73,701.58). Also, insider Mark Williamson acquired 12,116 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of GBX 2,476 ($30.58) per share, with a total value of £299,992.16 ($370,543.68). Over the last three months, insiders purchased 14,553 shares of company stock valued at $36,045,861. Insiders own 1.21% of the company’s stock.

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.