Spectris (LON:SXS) Shares Cross Above 200 Day Moving Average of $3,011.15

Spectris plc (LON:SXS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,011.15 ($39.34) and traded as high as GBX 3,300 ($43.11). Spectris shares last traded at GBX 3,217 ($42.03), with a volume of 186,525 shares trading hands.

Several research firms recently issued reports on SXS. Berenberg Bank boosted their price objective on Spectris from GBX 3,505 ($45.79) to GBX 3,640 ($47.56) and gave the company a “buy” rating in a report on Thursday, April 15th. Shore Capital reiterated a “sell” rating on shares of Spectris in a report on Thursday, April 22nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 2,600 ($33.97) price objective on shares of Spectris in a report on Tuesday, February 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 3,015 ($39.39).

The stock has a market capitalization of £3.61 billion and a price-to-earnings ratio of -216.85. The company has a debt-to-equity ratio of 12.64, a quick ratio of 1.27 and a current ratio of 2.21. The company has a 50 day moving average of GBX 3,330.02 and a 200 day moving average of GBX 3,014.21.

The business also recently announced a dividend, which will be paid on Wednesday, June 30th. Investors of record on Thursday, May 13th will be paid a dividend of GBX 46.50 ($0.61) per share. This represents a yield of 1.53%. This is a boost from Spectris’s previous dividend of $21.90. The ex-dividend date is Thursday, May 13th. Spectris’s payout ratio is presently -4.46%.

In other Spectris news, insider Cathy Turner acquired 318 shares of the stock in a transaction dated Monday, March 15th. The stock was acquired at an average cost of GBX 3,143 ($41.06) per share, with a total value of £9,994.74 ($13,058.19). Also, insider Derek Harding acquired 3,166 shares of the stock in a transaction dated Thursday, February 25th. The shares were acquired at an average cost of GBX 3,000 ($39.20) per share, with a total value of £94,980 ($124,091.98). Over the last ninety days, insiders have bought 3,493 shares of company stock valued at $10,527,372.

About Spectris (LON:SXS)

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Malvern Panalytical, HBK, and Omega, and Industrial Solutions. The company provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and product development processes, when assessing materials before production, or during the manufacturing process; various range of life science services; products for measurement and control of temperature, humidity, pressure, strain, force, flow, level, pH, and conductivity; and data acquisition, electric heating, and custom-engineered products.

Further Reading: Net Margin

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