Spectris (LON:SXS) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

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 crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,920.78 ($39.29) and traded as high as GBX 4,042 ($54.38). Spectris shares last traded at GBX 4,042 ($54.38), with a volume of 430,039 shares.

Analyst Upgrades and Downgrades

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

Spectris Trading Up 0.0%

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 stock has a market capitalization of £4.03 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The firm's fifty day simple moving average is GBX 3,937.57 and its 200 day simple moving average is GBX 2,920.78.

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

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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