Spectris (LON:SXS) Trading 9.4% Higher – Here’s What Happened

Spectris plc (LON:SXS) rose 9.4% during 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 traded hands during 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).

Wall Street Analyst Weigh In

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

Spectris Stock Performance

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 stock’s fifty day moving average is GBX 2,552.34 and its two-hundred day moving average is GBX 2,704.91. The firm has a market cap of £2.92 billion, a price-to-earnings ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61.

Insider Activity

In other news, insider Andrew Heath bought 2,406 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of GBX 2,480 ($30.97) per share, for a total transaction of £59,668.80 ($74,502.19). Also, insider Mark Williamson acquired 12,116 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of GBX 2,476 ($30.92) per share, for a total transaction of £299,992.16 ($374,568.81). Over the last 90 days, insiders have acquired 14,553 shares of company stock valued at $36,045,861. Insiders own 1.21% of the company’s stock.

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.