Spectris (LON:SXS) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Shares of Spectris plc (LON:SXS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,469.54 ($33.26) and traded as high as GBX 3,378 ($45.49). Spectris shares last traded at GBX 3,342 ($45.00), with a volume of 721,803 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their target price on shares of Spectris from GBX 3,180 ($42.82) to GBX 3,000 ($40.40) and set a "buy" rating on the stock in a research note on Monday, March 10th.

Spectris Stock Up 0.2%

The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The business has a 50 day simple moving average of GBX 2,257.57 and a 200-day simple moving average of GBX 2,487.21. The firm has a market capitalization of £3.33 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling

In related news, insider Derek Harding sold 22,577 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($32.59), for a total value of £546,363.40 ($735,743.87). 1.21% of the stock is owned by company 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.