Spirax-Sarco Engineering (OTCMKTS:SPXSY) Reaches New 12-Month Low – Here’s What Happened

Shares of Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) hit a new 52-week low on Thursday . The company traded as low as $38.86 and last traded at $38.86, with a volume of 23235 shares. The stock had previously closed at $40.30.

Analysts Set New Price Targets

Several brokerages recently commented on SPXSY. Barclays raised shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Hsbc Global Res upgraded shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th.

Spirax-Sarco Engineering Trading Down 3.3 %

The company has a 50 day simple moving average of $46.58 and a two-hundred day simple moving average of $45.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25.

Spirax-Sarco Engineering Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.7609 per share. The ex-dividend date of this dividend is Friday, April 25th. This is a positive change from Spirax-Sarco Engineering’s previous dividend of $0.27.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.