Spectris (LON:SXS) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Spectris plc (LON:SXS) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,552.95 ($35.08) and traded as high as GBX 3,890 ($53.46). Spectris shares last traded at GBX 3,840.41 ($52.77), with a volume of 802,514 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their price target on shares of Spectris from GBX 3,180 ($43.70) to GBX 3,000 ($41.23) and set a “buy” rating for the company in a report on Monday, March 10th.

Spectris Trading Up 0.1%

The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The company has a market capitalization of £3.82 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The business has a fifty day moving average price of GBX 2,540.81 and a 200 day moving average price of GBX 2,552.95.

Insider Transactions at Spectris

In related news, insider Derek Harding bought 3,741 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of GBX 2,085 ($28.65) per share, for a total transaction of £77,999.85 ($107,186.82). Company insiders own 1.21% of the company’s stock.

Spectris Company Profile

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.