Spectris (LON:SXS) Trading Up 10.5% – Time to Buy?

Spectris plc (LON:SXS) shares traded up 10.5% during mid-day trading on Thursday . The company traded as high as GBX 3,114.76 ($38.34) and last traded at GBX 2,984 ($36.74). 471,629 shares traded hands during trading, a decline of 43% from the average session volume of 829,011 shares. The stock had previously closed at GBX 2,700 ($33.24).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of Spectris in a research report on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($57.95).

Spectris Trading Up 9.4 %

The business’s 50 day moving average price is GBX 2,535.95 and its 200-day moving average price is GBX 2,701.42. The company has a market cap of £2.92 billion, a price-to-earnings ratio of 1,102.66, a PEG ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36.

Insider Buying and Selling

In other news, insider Andrew Heath bought 2,406 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of GBX 2,480 ($30.53) per share, with a total value of £59,668.80 ($73,456.60). Also, insider Mark Williamson purchased 12,116 shares of Spectris stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of GBX 2,476 ($30.48) per share, for a total transaction of £299,992.16 ($369,312.03). Insiders acquired 14,553 shares of company stock valued at $36,045,861 over the last quarter. Corporate insiders own 1.21% of the company’s stock.

About Spectris

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.