Spectris (LON:SXS) Stock Price Up 9.4% – Time to Buy?

Shares of Spectris plc (LON:SXS) shot up 9.4% during 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). 472,541 shares traded hands during trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Spectris in a research note 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 MarketBeat, the company 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 market capitalization of £2.98 billion, a price-to-earnings ratio of 1,125.37, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The company’s 50 day moving average is GBX 2,535.95 and its 200 day moving average is GBX 2,701.42.

Insider Transactions at Spectris

In other Spectris news, insider Andrew Heath bought 2,406 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were acquired 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 Alison Henwood purchased 19 shares of Spectris stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average price of GBX 2,599 ($32.10) per share, with a total value of £493.81 ($609.94). Over the last 90 days, insiders have bought 14,553 shares of company stock worth $36,045,861. Corporate insiders own 1.21% of the company’s stock.

About Spectris

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.