Spectris (LON:SXS) Trading 9.4% Higher – Still a Buy?

Shares of Spectris plc (LON:SXS) were up 9.4% during trading on Thursday . The stock traded as high as GBX 3,114.76 ($38.34) and last traded at GBX 2,955.14 ($36.38). 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 ($33.24).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a research note on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat.com, Spectris has an average rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($57.95).

Spectris Stock Up 9.4 %

The company’s fifty day simple moving average is GBX 2,535.95 and its 200 day simple moving average is GBX 2,701.42. The firm has a market capitalization of £2.92 billion, a P/E ratio of 1,102.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

Insider Buying and Selling at Spectris

In other news, insider Mark Williamson bought 12,116 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of GBX 2,476 ($30.48) per share, with a total value of £299,992.16 ($369,312.03). Also, insider Andrew Heath bought 2,406 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of GBX 2,480 ($30.53) per share, with a total value of £59,668.80 ($73,456.60). In the last three months, insiders have bought 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is currently owned by corporate insiders.

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.