Spirent Communications (LON:SPT) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Spirent Communications plc (LON:SPT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 176.22 ($2.23) and traded as high as GBX 180.30 ($2.29). Spirent Communications shares last traded at GBX 179.30 ($2.27), with a volume of 168,265 shares.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 225 ($2.85) price target on shares of Spirent Communications in a research note on Friday, November 22nd. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 199 ($2.52) price target on shares of Spirent Communications in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. cut their price objective on Spirent Communications from GBX 344 ($4.36) to GBX 321 ($4.07) and set an “overweight” rating for the company in a report on Monday, September 16th.

Spirent Communications Stock Performance

The company has a market capitalization of £1.03 billion, a P/E ratio of 8,965.00, a PEG ratio of 5.73 and a beta of 0.57. The stock has a fifty day simple moving average of GBX 172.88 and a 200-day simple moving average of GBX 176.22. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.26.

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.