Spectris (LON:SXS) Stock Price Up 9.4% – Here’s What Happened

Spectris plc (LON:SXS) rose 9.4% on Thursday . The stock traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). Approximately 472,541 shares traded hands during trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.71).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Spectris in a research note on Thursday. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Spectris currently has an average rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.78).

Spectris Price Performance

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 company has a 50 day moving average of GBX 2,552.34 and a 200 day moving average of GBX 2,704.91. The stock has a market capitalization of £2.92 billion, a price-to-earnings ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling at Spectris

In related news, insider Andrew Heath purchased 2,406 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of GBX 2,480 ($30.97) per share, with a total value of £59,668.80 ($74,502.19). Also, insider Alison Henwood bought 19 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were acquired at an average cost of GBX 2,599 ($32.45) per share, for a total transaction of £493.81 ($616.57). In the last 90 days, insiders have acquired 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is owned by corporate 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.