Spectris (LON:SXS) Shares Up 60.2% - Here's What Happened

Spectris plc (LON:SXS - Get Free Report)'s stock price was up 60.2% on Monday . The stock traded as high as GBX 3,546 ($48.28) and last traded at GBX 3,264 ($44.44). Approximately 1,520,147 shares changed hands during trading, an increase of 34% from the average daily volume of 1,138,251 shares. The stock had previously closed at GBX 2,038 ($27.75).

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their target price on Spectris from GBX 3,180 ($43.29) to GBX 3,000 ($40.84) and set a "buy" rating on the stock in a research note on Monday, March 10th.

Spectris Trading Up 0.2%

The company has a market cap of £3.21 billion, a PE ratio of 11.92, a PEG ratio of 2.74 and a beta of 0.61. 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 company has a 50 day simple moving average of GBX 2,124.56 and a two-hundred day simple moving average of GBX 2,459.81.

Insider Activity

In other news, insider Derek Harding purchased 3,741 shares of Spectris stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of GBX 2,085 ($28.39) per share, for a total transaction of £77,999.85 ($106,194.49). Also, insider Andrew Heath sold 8,848 shares of Spectris stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($34.47), for a total value of £224,031.36 ($305,012.06). 1.21% of the stock is owned by corporate 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.