Spectris (LON:SXS) Trading 64.4% Higher - What's Next?

Shares of Spectris plc (LON:SXS - Get Free Report) rose 64.4% on Monday . The company traded as high as GBX 3,546 ($48.28) and last traded at GBX 3,350 ($45.61). Approximately 5,333,409 shares were traded during mid-day trading, an increase of 355% from the average daily volume of 1,173,235 shares. The stock had previously closed at GBX 2,038 ($27.75).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped 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 report on Monday, March 10th.

Spectris Stock Up 0.2%

The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The stock has a fifty day moving average price of GBX 2,124.56 and a two-hundred day moving average price of GBX 2,459.81. The company has a market cap of £3.21 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Insider Activity at Spectris

In other Spectris news, insider Derek Harding purchased 3,741 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of GBX 2,085 ($28.39) per share, with a total value of £77,999.85 ($106,194.49). Also, insider Andrew Heath sold 8,848 shares of the firm's stock in a transaction 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). 1.21% of the stock is currently owned by company 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.