Spirax-Sarco Engineering (OTCMKTS:SPXSY) Hits New 1-Year Low – Time to Sell?

Shares of Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $38.86 and last traded at $38.86, with a volume of 23235 shares trading hands. The stock had previously closed at $40.30.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res upgraded Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th.

Spirax-Sarco Engineering Stock Performance

The stock has a 50-day moving average price of $46.20 and a two-hundred day moving average price of $45.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25.

Spirax-Sarco Engineering Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, April 25th will be paid a $0.7609 dividend. The ex-dividend date is Friday, April 25th. This is a boost from Spirax-Sarco Engineering’s previous dividend of $0.27.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.