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

Spectris plc (LON:SXS)’s stock price traded up 9.4% during trading on Thursday . The stock traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). 472,541 shares traded hands during trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.71).

Wall Street Analyst Weigh In

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

Spectris Price Performance

The business’s 50 day moving average is GBX 2,552.34 and its two-hundred day moving average is GBX 2,704.91. 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 price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Insider Transactions at Spectris

In other news, insider Andrew Heath purchased 2,406 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of GBX 2,480 ($30.97) per share, with a total value of £59,668.80 ($74,502.19). Also, insider Alison Henwood bought 19 shares of Spectris stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of GBX 2,599 ($32.45) per share, for a total transaction of £493.81 ($616.57). Over the last quarter, insiders have bought 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is currently owned by company insiders.

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.