Spectris (LON:SXS) Sets New 52-Week High - Time to Buy?

Spectris plc (LON:SXS - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as GBX 3,768 ($51.71) and last traded at GBX 3,762 ($51.63), with a volume of 7701971 shares traded. The stock had previously closed at GBX 3,348.06 ($45.95).

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price objective on Spectris from GBX 3,180 ($43.64) to GBX 3,000 ($41.17) and set a "buy" rating on the stock in a research note on Monday, March 10th.

Spectris Trading Up 1.6%

The company has a market cap of £3.86 billion, a price-to-earnings ratio of 14.36, a P/E/G 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. The firm's 50-day moving average price is GBX 2,428.58 and its 200 day moving average price is GBX 2,526.98.

Insider Activity at Spectris

In other news, insider Derek Harding bought 3,741 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of GBX 2,085 ($28.61) per share, with a total value of £77,999.85 ($107,039.73). 1.21% of the stock is owned by corporate insiders.

About Spectris

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.