Spirent Communications plc (LON:SPT - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 127.76 ($1.59) and traded as high as GBX 196 ($2.44). Spirent Communications shares last traded at GBX 193.50 ($2.41), with a volume of 953,323 shares trading hands.
Wall Street Analyst Weigh In
SPT has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their price target on Spirent Communications from GBX 172.50 ($2.15) to GBX 199 ($2.48) and gave the company a "hold" rating in a report on Wednesday, April 10th. Numis Securities upped their price target on Spirent Communications from GBX 155 ($1.93) to GBX 240 ($2.99) and gave the company a "buy" rating in a report on Friday, March 8th.
View Our Latest Analysis on SPT
Spirent Communications Price Performance
The firm has a market capitalization of £1.11 billion, a price-to-earnings ratio of 6,466.67, a P/E/G ratio of 5.73 and a beta of 0.53. The company has a fifty day moving average price of GBX 161.34 and a two-hundred day moving average price of GBX 128.22. The company has a quick ratio of 1.95, a current ratio of 1.93 and a debt-to-equity ratio of 5.70.
Insider Activity
In other news, insider Paula Bell sold 26,889 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of GBX 176 ($2.19), for a total value of £47,324.64 ($58,912.78). Corporate insiders own 4.09% of the company's stock.
Spirent Communications Company Profile
(
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Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.
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