Spectris (LON:SXS) Trading 9.4% Higher – Should You Buy?

Spectris plc (LON:SXS)’s stock price was up 9.4% during trading on Friday . The stock traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). Approximately 472,541 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a report on Thursday. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.15).

Spectris Stock Up 1.1 %

The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm’s fifty day simple moving average is GBX 2,535.95 and its 200 day simple moving average is GBX 2,701.42. The stock has a market capitalization of £2.98 billion, a price-to-earnings ratio of 1,125.37, a P/E/G ratio of 2.74 and a beta of 0.61.

Insider Transactions at Spectris

In other news, insider Alison Henwood acquired 19 shares of Spectris stock in a transaction dated Tuesday, November 12th. The stock was bought at an average cost of GBX 2,599 ($32.10) per share, with a total value of £493.81 ($609.94). Also, insider Andrew Heath bought 2,406 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of GBX 2,480 ($30.63) per share, for a total transaction of £59,668.80 ($73,701.58). Insiders purchased 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.