Spirent Communications (LON:SPT) Shares Cross Above Two Hundred Day Moving Average of $171.74

Spirent Communications plc (LON:SPT) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 171.74 ($2.19) and traded as high as GBX 176.30 ($2.25). Spirent Communications shares last traded at GBX 176 ($2.25), with a volume of 4,962,977 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded Spirent Communications to a “speculative buy” rating and set a GBX 199 ($2.54) price objective for the company in a research note on Wednesday, August 7th.

Spirent Communications Price Performance

The firm has a 50-day moving average of GBX 179.39 and a 200-day moving average of GBX 172.11. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.82 and a quick ratio of 1.95. The stock has a market cap of £1.01 billion, a PE ratio of 8,805.00, a PEG ratio of 5.73 and a beta of 0.54.

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.