Spirent Communications (LON:SPT) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Spirent Communications plc (LON:SPT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 191.60 ($2.55) and traded as high as GBX 198.60 ($2.64). Spirent Communications shares last traded at GBX 198.50 ($2.64), with a volume of 10,124,798 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered shares of Spirent Communications to a “hold” rating and set a GBX 199 target price for the company. in a research note on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 207.67.

Spirent Communications Price Performance

The stock has a market capitalization of £1.17 billion, a PE ratio of 16,016.13, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25. The stock’s 50 day moving average price is GBX 196.27 and its 200-day moving average price is GBX 191.60.

Spirent Communications Company Profile

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.