Spirent Communications plc (LON:SPT) Insider Paula Bell Purchases 72 Shares

Spirent Communications plc (LON:SPT) insider Paula Bell acquired 72 shares of the stock in a transaction dated Wednesday, July 24th. The stock was bought at an average cost of GBX 174 ($2.25) per share, with a total value of £125.28 ($162.03).

Paula Bell also recently made the following trade(s):

• On Monday, June 24th, Paula Bell acquired 68 shares of Spirent Communications stock. The stock was bought at an average cost of GBX 185 ($2.39) per share, with a total value of £125.80 ($162.70).
• On Friday, May 24th, Paula Bell acquired 67 shares of Spirent Communications stock. The stock was bought at an average cost of GBX 186 ($2.41) per share, with a total value of £124.62 ($161.17).

Spirent Communications Stock Performance

LON SPT traded up GBX 1.40 ($0.02) on Thursday, hitting GBX 177 ($2.29). 1,105,230 shares of the stock traded hands, compared to its average volume of 4,125,591. The business’s fifty day moving average is GBX 183.03 and its two-hundred day moving average is GBX 166.17. Spirent Communications plc has a 12 month low of GBX 79.75 ($1.03) and a 12 month high of GBX 203.80 ($2.64). The firm has a market capitalization of £1.01 billion, a price-to-earnings ratio of 5,863.33, a PEG ratio of 5.73 and a beta of 0.54. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.95 and a current ratio of 1.93.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their target price on Spirent Communications from GBX 172.50 ($2.23) to GBX 199 ($2.57) and gave the company a “hold” rating in a report on Wednesday, April 10th.

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.