Spirax-Sarco Engineering (LON:SPX) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Spirax-Sarco Engineering plc (LON:SPXGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7,194.89 ($92.97) and traded as high as GBX 7,330 ($94.72). Spirax-Sarco Engineering shares last traded at GBX 7,264.59 ($93.87), with a volume of 55,766,445 shares trading hands.

Spirax-Sarco Engineering Stock Performance

The firm has a market capitalization of £5.35 billion, a PE ratio of 27.86, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The firm has a fifty day moving average price of GBX 7,381.58 and a 200 day moving average price of GBX 7,187.14.

About Spirax-Sarco Engineering

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Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.

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