Spirax-Sarco Engineering (OTCMKTS:SPXSY) Hits New 1-Year Low – Here’s Why

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) shares reached a new 52-week low on Tuesday . The company traded as low as $39.37 and last traded at $39.80, with a volume of 17210 shares traded. The stock had previously closed at $40.18.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th.

Spirax-Sarco Engineering Trading Down 0.9 %

The stock’s 50-day simple moving average is $43.94 and its 200-day simple moving average is $48.03. The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.76.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.