Spirent Communications (LON:SPT) Share Price Passes Above 200-Day Moving Average of $168.15

Shares of Spirent Communications plc (LON:SPT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 168.15 ($2.16) and traded as high as GBX 174.50 ($2.24). Spirent Communications shares last traded at GBX 172.50 ($2.22), with a volume of 1,066,723 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on Spirent Communications from GBX 172.50 ($2.22) to GBX 199 ($2.56) and gave the stock a “hold” rating in a research report on Wednesday, April 10th.

Spirent Communications Stock Performance

The firm has a market cap of £983.58 million, a PE ratio of 5,733.33, a P/E/G ratio of 5.73 and a beta of 0.54. The firm has a 50-day moving average price of GBX 181.21 and a two-hundred day moving average price of GBX 168.57. The company has a quick ratio of 1.95, a current ratio of 1.93 and a debt-to-equity ratio of 5.70.

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.