Spectris (LON:SXS) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Spectris plc (LON:SXS) stock has risen above its 200-day moving average of GBX 2,878.66, with recent trading peaking at GBX 4,036.
• Analysts at Shore Capital have reaffirmed a "buy" rating for Spectris, indicating confidence in the stock's performance moving forward.
• The company reported earnings of GBX 38.40 ($0.52) per share for the last quarter, reflecting a net margin of 20.44% and a return on equity of 20.13%.

Spectris plc (LON:SXS - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,878.66 ($38.62) and traded as high as GBX 4,036 ($54.15). Spectris shares last traded at GBX 4,032 ($54.10), with a volume of 765,366 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of Spectris in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Spectris currently has an average rating of "Buy" and an average price target of GBX 2,975.

Spectris Trading Down 0.0%

The firm has a market capitalization of £4.02 billion, a P/E ratio of 14.96, a price-to-earnings-growth 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 has a 50 day moving average price of GBX 3,905.89 and a two-hundred day moving average price of GBX 2,907.76.

Spectris (LON:SXS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported GBX 38.40 earnings per share for the quarter. Spectris had a return on equity of 20.13% and a net margin of 20.44%. On average, equities research analysts expect that Spectris plc will post 194.7972456 EPS for the current fiscal year.

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.