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

Spectris plc (LON:SXS - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,552.95 ($34.85) and traded as high as GBX 3,890 ($53.11). Spectris shares last traded at GBX 3,840.41 ($52.43), with a volume of 802,514 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Berenberg Bank lowered their price objective on shares of Spectris from GBX 3,180 ($43.41) to GBX 3,000 ($40.96) and set a "buy" rating for the company in a research report on Monday, March 10th. Shore Capital restated a "buy" rating on shares of Spectris in a research report on Wednesday.

Spectris Stock Up 0.4%

The stock has a market capitalization of £3.97 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The stock has a 50 day moving average price of GBX 2,620.25 and a 200 day moving average price of GBX 2,573.22.

Insider Buying and Selling

In other Spectris news, insider Derek Harding purchased 3,741 shares of the firm's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of GBX 2,085 ($28.46) per share, for a total transaction of £77,999.85 ($106,484.44). 1.21% of the stock is currently 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.