Spectris (LON:SXS) Sets New 52-Week High - Here's What Happened

Spectris plc (LON:SXS - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,768 ($50.58) and last traded at GBX 3,762 ($50.50), with a volume of 7701971 shares. The stock had previously closed at GBX 3,348.06 ($44.95).

Analyst Ratings Changes

Separately, Berenberg Bank cut their price objective on shares of Spectris from GBX 3,180 ($42.69) to GBX 3,000 ($40.27) and set a "buy" rating on the stock in a report on Monday, March 10th.

Spectris Stock Performance

The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The stock has a market capitalization of £3.75 billion, a PE ratio of 13.96, a PEG ratio of 2.74 and a beta of 0.61. The firm has a 50 day moving average price of GBX 2,285.47 and a 200-day moving average price of GBX 2,491.87.

Insiders Place Their Bets

In other news, insider Derek Harding purchased 3,741 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of GBX 2,085 ($27.99) per share, for a total transaction of £77,999.85 ($104,711.84). 1.21% of the stock is currently owned by insiders.

Spectris Company Profile

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.

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