Spectris (LON:SXS) Trading 9.4% Higher – Here’s What Happened

Spectris plc (LON:SXS)’s share price traded up 9.4% during mid-day trading on Thursday . The stock traded as high as GBX 3,114.76 ($38.34) and last traded at GBX 2,955.14 ($36.38). 472,541 shares changed hands during trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.24).

Wall Street Analyst Weigh In

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

Spectris Stock Performance

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

Insider Activity at Spectris

In other Spectris news, insider Alison Henwood bought 19 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of GBX 2,599 ($32.00) per share, for a total transaction of £493.81 ($607.92). Also, insider Andrew Heath purchased 2,406 shares of the stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of GBX 2,480 ($30.53) per share, for a total transaction of £59,668.80 ($73,456.60). Over the last 90 days, insiders purchased 14,553 shares of company stock worth $36,045,861. 1.21% of the stock is owned by company insiders.

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.