Spectra Systems (LON:SPSY) Shares Down 16.3% - Time to Sell?

Key Points

• Spectra Systems shares fell 16.3% during trading, dropping from a previous close of £193 to a low of £155.67 on Monday.
• The company has a market capitalization of £79.11 million and a high P/E ratio of 963.24, indicating potential overvaluation.
• Trading volume increased significantly to 591,663 shares, up 662% from the average session volume of 77,616 shares.

Spectra Systems Co. (LON:SPSY - ) fell 16.3% during trading on Monday . The stock traded as low as GBX 155.67 ($2.09) and last traded at GBX 161.60 ($2.17). 591,663 shares traded hands during mid-day trading, an increase of 662% from the average session volume of 77,616 shares. The stock had previously closed at GBX 193 ($2.59).

Spectra Systems Stock Down 15.2%

The company has a current ratio of 1.97, a quick ratio of 5.91 and a debt-to-equity ratio of 39.72. The firm has a market capitalization of £79.11 million, a P/E ratio of 963.24 and a beta of 0.22. The company's fifty day simple moving average is GBX 204.06 and its 200 day simple moving average is GBX 208.89.

Spectra Systems Company Profile

Spectra Systems Corporation invents, develops, and sells integrated optical systems in the United States and internationally. It operates through four segments: Authentication Systems, Secure Transactions, Security Printing, and Banknote Cleaning. The company offers integrated solutions, including a system of taggant materials and sensor equipment to authenticate banknotes and security documents; and banknote cleaning and disinfection systems.

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