Spectris (LON:SXS) Trading 60.2% Higher - Here's What Happened

Spectris plc (LON:SXS - Get Free Report)'s share price traded up 60.2% on Monday . The stock traded as high as GBX 3,546 ($48.00) and last traded at GBX 3,264 ($44.18). 1,520,147 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 1,138,251 shares. The stock had previously closed at GBX 2,038 ($27.59).

Analyst Ratings Changes

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

Spectris Trading Up 60.2%

The company has a 50 day simple moving average of GBX 2,035.39 and a 200 day simple moving average of GBX 2,439.18. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The stock has a market capitalization of £3.25 billion, a PE ratio of 12.09, a P/E/G ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling at Spectris

In related news, insider Andrew Heath sold 8,848 shares of Spectris stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($34.27), for a total value of £224,031.36 ($303,236.82). Also, insider Derek Harding sold 22,577 shares of Spectris stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 2,420 ($32.76), for a total value of £546,363.40 ($739,528.15). 1.21% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.