Spectris (LON:SXS) Trading 60.2% Higher - What's Next?

Shares of Spectris plc (LON:SXS - Get Free Report) traded up 60.2% during mid-day trading on Monday . The company traded as high as GBX 3,546 ($48.07) and last traded at GBX 3,264 ($44.25). 1,520,147 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 1,138,251 shares. The stock had previously closed at GBX 2,038 ($27.63).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their target price on shares of Spectris from GBX 3,180 ($43.11) to GBX 3,000 ($40.67) and set a "buy" rating for the company in a report on Monday, March 10th.

Spectris Stock Up 0.2%

The firm has a market capitalization of £3.21 billion, a P/E 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 firm's 50-day moving average is GBX 2,100.02 and its 200 day moving average is GBX 2,454.98.

Insider Activity

In related news, insider Andrew Heath sold 8,848 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($34.32), for a total value of £224,031.36 ($303,688.98). Also, insider Derek Harding purchased 3,741 shares of the stock in a transaction on Friday, April 4th. The stock was acquired at an average price of GBX 2,085 ($28.26) per share, for a total transaction of £77,999.85 ($105,733.83). Corporate insiders own 1.21% of the company's stock.

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.