Spirent Communications (LON:SPT) Stock Crosses Above 200 Day Moving Average of $121.73

Posted by AM Reporter Staff on Mar 28th, 2024

Spirent Communications plc (LON:SPT – Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 121.73 ($1.54) and traded as high as GBX 179 ($2.26). Spirent Communications shares last traded at GBX 179 ($2.26), with a volume of 2,180,927 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Numis Securities lifted their price objective on Spirent Communications from GBX 155 ($1.96) to GBX 240 ($3.03) and gave the stock a “buy” rating in a research report on Friday, March 8th. Canaccord Genuity Group cut shares of Spirent Communications to a “hold” rating and lifted their price target for the stock from GBX 145 ($1.83) to GBX 172.50 ($2.18) in a research report on Wednesday, March 6th.

Get Our Latest Research Report on SPT

Spirent Communications Price Performance

The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.95 and a current ratio of 1.93. The company has a 50-day moving average price of GBX 136.85 and a 200-day moving average price of GBX 121.73. The firm has a market capitalization of £1.04 billion, a P/E ratio of 5,966.67, a price-to-earnings-growth ratio of 5.73 and a beta of 0.41.

Insider Buying and Selling at Spirent Communications

In other news, insider Paula Bell sold 26,889 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of GBX 176 ($2.22), for a total transaction of £47,324.64 ($59,806.19). Insiders own 4.07% of the company’s stock.

Spirent Communications Company Profile

(Get Free Report)

Spirent Communications plc offers automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates in Lifecycle Service Assurance and Networks & Security segments. The Lifecycle Service Assurance segment provides testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices in the lab, as well as live solutions.