Spectris (LON:SXS) Trading Up 12.7% – Still a Buy?

Shares of Spectris plc (LON:SXS) shot up 12.7% during mid-day trading on Tuesday . The company traded as high as GBX 3,812 ($52.08) and last traded at GBX 3,773.89 ($51.56). 3,341,695 shares changed hands during mid-day trading, an increase of 199% from the average session volume of 1,118,450 shares. The stock had previously closed at GBX 3,348.06 ($45.74).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price objective on shares of Spectris from GBX 3,180 ($43.45) to GBX 3,000 ($40.99) and set a “buy” rating on the stock in a research note on Monday, March 10th.

Spectris Trading Up 1.3%

The business’s 50-day moving average price is GBX 2,390.80 and its two-hundred day moving average price is GBX 2,518.31. The company has a market capitalization of £3.85 billion, a P/E ratio of 14.32, a PEG ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03.

Insider Transactions at Spectris

In related news, insider Derek Harding acquired 3,741 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of GBX 2,085 ($28.49) per share, with a total value of £77,999.85 ($106,571.73). 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.