Spectris (LON:SXS) Trading Up 60.2% - Time to Buy?

Spectris plc (LON:SXS - Get Free Report) rose 60.2% during trading 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 mid-day 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).

Analyst Ratings Changes

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

Spectris Trading Up 0.2%

The firm has a 50 day simple moving average of GBX 2,124.56 and a 200 day simple moving average of GBX 2,459.81. 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 £3.21 billion, a P/E ratio of 11.92, a P/E/G ratio of 2.74 and a beta of 0.61.

Insiders Place Their Bets

In other Spectris news, insider Andrew Heath sold 8,848 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($34.47), for a total value of £224,031.36 ($305,012.06). Also, insider Derek Harding bought 3,741 shares of the business's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of GBX 2,085 ($28.39) per share, with a total value of £77,999.85 ($106,194.49). 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.