Spirax-Sarco Engineering (OTCMKTS:SPXSY) Lowered to “Hold” Rating by Hsbc Global Res

Hsbc Global Res downgraded shares of Spirax-Sarco Engineering (OTCMKTS:SPXSY) from a strong-buy rating to a hold rating in a report published on Wednesday,Zacks.com reports.

Separately, Barclays upgraded shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th.

Spirax-Sarco Engineering Stock Down 1.4 %

Shares of SPXSY opened at $47.87 on Wednesday. The company’s 50 day simple moving average is $45.32 and its 200-day simple moving average is $47.06. Spirax-Sarco Engineering has a 12-month low of $39.28 and a 12-month high of $69.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.