Spectris (LON:SXS) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Spectris plc stock price has recently crossed above its 200-day moving average, trading at GBX 4,042 ($54.38) compared to its average of GBX 2,920.78 ($39.29).
• Three equities research analysts have rated Spectris with a Buy rating, and the company has a consensus price target of GBX 2,975.
• Spectris reported a net margin of 20.44% and a return on equity of 20.13% for the last quarter, with an earnings per share of GBX 38.40.

Spectris plc (LON:SXS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,920.78 ($39.44) and traded as high as GBX 4,042 ($54.58). Spectris shares last traded at GBX 4,042 ($54.58), with a volume of 430,039 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a "buy" rating on shares of Spectris in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Spectris currently has a consensus rating of "Buy" and a consensus price target of GBX 2,975.

Spectris Price Performance

The stock's fifty day moving average price is GBX 3,993.48 and its 200-day moving average price is GBX 2,948.82. 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 firm has a market cap of £4.02 billion, a PE ratio of 1,751.62, a P/E/G ratio of 2.74 and a beta of 0.61.

Spectris (LON:SXS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported GBX 38.40 earnings per share (EPS) for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. As a group, equities analysts forecast that Spectris plc will post 194.7972456 EPS for the current fiscal year.

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.