Spectris (LON:SXS) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Spectris plc shares surpassed their 200-day moving average during trading, reaching a high of GBX 4,000 ($52.84).
• Shore Capital has restated a “buy” rating on Spectris shares, indicating strong market confidence.
• The company has a market capitalization of £3.97 billion and a PE ratio of 14.77, reflecting its financial health.

Spectris plc (LON:SXS - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,768.68 ($36.57) and traded as high as GBX 4,000 ($52.84). Spectris shares last traded at GBX 3,990 ($52.71), with a volume of 460,734 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a "buy" rating on shares of Spectris in a research report on Wednesday, July 2nd.

Spectris Trading Down 0.1%

The firm has a market capitalization of £3.97 billion, a PE ratio of 14.77, a P/E/G ratio of 2.74 and a beta of 0.61. The company's fifty day simple moving average is GBX 3,346.72 and its 200-day simple moving average is GBX 2,768.68. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03.

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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