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

Spectris plc (LON:SXS) rose 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 changed hands 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).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of Spectris in a research note on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($58.78).

Spectris Trading Down 1.1 %

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

Insider Activity

In other Spectris news, insider Mark Williamson acquired 12,116 shares of the stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of GBX 2,476 ($30.92) per share, for a total transaction of £299,992.16 ($374,568.81). Also, insider Alison Henwood acquired 19 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of GBX 2,599 ($32.45) per share, with a total value of £493.81 ($616.57). Insiders have purchased a total of 14,553 shares of company stock valued at $36,045,861 in the last 90 days. 1.21% of the stock is currently owned by insiders.

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.