Spirax-Sarco Engineering (OTCMKTS:SPXSY) Stock Rating Upgraded by Hsbc Global Res

Spirax-Sarco Engineering (OTCMKTS:SPXSY) was upgraded by equities research analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Barclays upgraded 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 1.9 %

SPXSY stock opened at $45.18 on Thursday. The company has a 50-day moving average of $46.38 and a two-hundred day moving average of $46.13. Spirax-Sarco Engineering has a 52-week low of $39.28 and a 52-week high of $67.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25.

About Spirax-Sarco Engineering

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.