Spectris (LON:SXS) Shares Up 60.2% – Here’s Why

Shares of Spectris plc (LON:SXS) rose 60.2% on Monday . The company traded as high as GBX 3,546 ($48.00) and last traded at GBX 3,264 ($44.18). Approximately 1,520,147 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 1,138,251 shares. The stock had previously closed at GBX 2,038 ($27.59).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price objective on shares of Spectris from GBX 3,180 ($43.04) to GBX 3,000 ($40.61) and set a “buy” rating for the company in a research note on Monday, March 10th.

Spectris Price Performance

The stock has a 50 day moving average price of GBX 2,035.39 and a two-hundred day moving average price of GBX 2,439.18. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The firm has a market capitalization of £3.25 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 2.74 and a beta of 0.61.

Insider Activity at Spectris

In other Spectris news, insider Derek Harding sold 22,577 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 2,420 ($32.76), for a total transaction of £546,363.40 ($739,528.15). Also, insider Andrew Heath sold 8,848 shares of Spectris stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($34.27), for a total transaction of £224,031.36 ($303,236.82). Company insiders own 1.21% of the company’s stock.

Spectris Company Profile

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.