Spirent Communications (LON:SPT) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Spirent Communications plc (LON:SPT) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 178.80 ($2.37) and traded as high as GBX 179.40 ($2.38). Spirent Communications shares last traded at GBX 174.60 ($2.32), with a volume of 2,268,607 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.64) target price on shares of Spirent Communications in a research note on Tuesday, April 1st.

Spirent Communications Price Performance

The stock has a market capitalization of £1.25 billion, a P/E ratio of 94.17, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The business’s 50 day simple moving average is GBX 185.11 and its two-hundred day simple moving average is GBX 178.77. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25.

Insiders Place Their Bets

In other news, insider Eric Updyke sold 55,054 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of GBX 188 ($2.49), for a total value of £103,501.52 ($137,324.56). Also, insider Paula Bell sold 131,650 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.49), for a total value of £247,502 ($328,382.65). Insiders have bought a total of 202 shares of company stock valued at $37,495 in the last 90 days. 3.34% of the stock is currently owned by corporate insiders.

About Spirent Communications

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.