Spectris (LON:SXS) Stock Price Up 69.3% - Still a Buy?

Spectris plc (LON:SXS - Get Free Report)'s share price was up 69.3% during mid-day trading on Monday . The company traded as high as GBX 3,546 ($48.00) and last traded at GBX 3,450 ($46.70). Approximately 5,091,208 shares traded hands during mid-day trading, an increase of 335% from the average daily volume of 1,171,013 shares. The stock had previously closed at GBX 2,038 ($27.59).

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their price target on shares of Spectris from GBX 3,180 ($43.04) to GBX 3,000 ($40.61) and set a "buy" rating for the company in a research note on Monday, March 10th.

Spectris Stock Performance

The company has a 50 day moving average price of GBX 2,035.39 and a 200 day moving average price of GBX 2,439.18. The company has a market capitalization of £3.44 billion, a PE ratio of 12.78, 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.

Insider Activity

In other news, insider Andrew Heath sold 8,848 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($34.27), for a total transaction of £224,031.36 ($303,236.82). Also, insider Derek Harding acquired 3,741 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of GBX 2,085 ($28.22) per share, for a total transaction of £77,999.85 ($105,576.41). Corporate insiders own 1.21% of the company's stock.

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.

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