Spectris (LON:SXS) Shares Up 9.4% – Here’s Why

Spectris plc (LON:SXS)’s share price was up 9.4% during mid-day trading on Thursday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). Approximately 472,541 shares were traded during mid-day 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).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Spectris in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($58.78).

Spectris Trading Down 1.1 %

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 has a market capitalization of £2.92 billion, a PE ratio of 1,100.75, a P/E/G ratio of 2.74 and a beta of 0.61. The stock’s 50-day simple moving average is GBX 2,552.34 and its 200-day simple moving average is GBX 2,704.91.

Insider Activity

In other news, insider Mark Williamson acquired 12,116 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of GBX 2,476 ($30.92) per share, with a total value of £299,992.16 ($374,568.81). Also, insider Andrew Heath bought 2,406 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of GBX 2,480 ($30.97) per share, with a total value of £59,668.80 ($74,502.19). In the last 90 days, insiders have purchased 14,553 shares of company stock valued at $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.