Spectris (LON:SXS) Stock Price Up 9.4% – What’s Next?

Spectris plc (LON:SXS)’s share price rose 9.4% on Thursday . The stock traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). Approximately 472,541 shares changed hands during trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.71).

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a report on Thursday. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($58.78).

Spectris Stock Performance

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 business’s 50-day moving average is GBX 2,552.34 and its 200-day moving average is GBX 2,704.91. The company has a market capitalization of £2.92 billion, a PE ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61.

Insider Activity

In other news, insider Andrew Heath acquired 2,406 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of GBX 2,480 ($30.97) per share, with a total value of £59,668.80 ($74,502.19). Also, insider Alison Henwood acquired 19 shares of Spectris stock in a transaction on Tuesday, November 12th. The shares were purchased at an average price of GBX 2,599 ($32.45) per share, with a total value of £493.81 ($616.57). Over the last ninety days, insiders acquired 14,553 shares of company stock worth $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.