Spectris (LON:SXS) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Spectris plc (LON:SXSGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,707.66 ($32.94) and traded as high as GBX 2,736 ($33.29). Spectris shares last traded at GBX 2,708 ($32.95), with a volume of 276,184 shares traded.

Spectris Stock Up 2.0 %

The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm’s 50 day moving average price is GBX 2,528.65 and its two-hundred day moving average price is GBX 2,707.66. The company has a market cap of £2.68 billion, a P/E ratio of 1,010.45, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling at Spectris

In other news, insider Andrew Heath bought 2,406 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of GBX 2,480 ($30.17) per share, with a total value of £59,668.80 ($72,598.61). Also, insider Mark Williamson acquired 12,116 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of GBX 2,476 ($30.13) per share, for a total transaction of £299,992.16 ($364,998.37). Over the last ninety days, insiders purchased 14,553 shares of company stock valued at $36,045,861. Corporate insiders own 1.21% of the company’s stock.

About Spectris

(Get Free Report)

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.

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