Senior (OTC:SNIRF) Shares Up 12.8% - Here's What Happened

Key Points

• Senior plc shares surged by 12.8% during mid-day trading, reaching a price of C$2.74, significantly higher than the previous close of C$2.43.
• Deutsche Bank reaffirmed a "buy" rating for Senior plc, contributing to a current average rating of "Moderate Buy" from analysts.
• The company specializes in high-technology components for industries such as aerospace, defense, and energy markets, operating internationally across two segments.

Senior plc (OTC:SNIRF - Get Free Report) shares shot up 12.8% during mid-day trading on Monday . The stock traded as high as C$2.74 and last traded at C$2.74. 3,750 shares changed hands during trading, an increase of 58% from the average session volume of 2,379 shares. The stock had previously closed at C$2.43.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Senior in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Senior Stock Performance

The company has a 50 day moving average price of C$2.39 and a 200-day moving average price of C$2.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.70 and a current ratio of 1.56.

About Senior

Senior plc designs, manufactures, and sells high-technology components and systems for the principal original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in the United States, the United Kingdom, and internationally. It operates in two segments, Aerospace and Flexonics.

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