Shares of Spirent Communications plc (LON:SPT - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on SPT. Numis Securities upped their target price on shares of Spirent Communications from GBX 155 ($1.96) to GBX 240 ($3.03) and gave the company a "buy" rating in a report on Friday, March 8th. Canaccord Genuity Group lowered shares of Spirent Communications to a "hold" rating and upped their price target for the company from GBX 145 ($1.83) to GBX 172.50 ($2.18) in a research note on Wednesday, March 6th.
Get Our Latest Stock Analysis on SPT
Spirent Communications Price Performance
The company has a debt-to-equity ratio of 5.70, a current ratio of 1.93 and a quick ratio of 1.95. The business's fifty day moving average price is GBX 136.85 and its 200-day moving average price is GBX 121.73. The stock has a market capitalization of £1.16 billion, a price-to-earnings ratio of 6,600.00, a PEG ratio of 5.73 and a beta of 0.41.
Insiders Place Their Bets
In related news, insider Paula Bell sold 26,889 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were 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.
About Spirent Communications
(
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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.
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