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

Spectris plc (LON:SXS - Get Free Report)'s stock price rose 60.2% during trading on Monday . The stock traded as high as GBX 3,546 ($48.06) and last traded at GBX 3,264 ($44.23). Approximately 1,520,147 shares traded hands during trading, an increase of 34% from the average daily volume of 1,138,251 shares. The stock had previously closed at GBX 2,038 ($27.62).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price target on shares of Spectris from GBX 3,180 ($43.10) to GBX 3,000 ($40.66) and set a "buy" rating for the company in a report on Monday, March 10th.

Spectris Stock Up 60.2%

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 market cap of £3.25 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 2.74 and a beta of 0.61. The stock has a fifty day moving average of GBX 2,035.39 and a two-hundred day moving average of GBX 2,439.18.

Insider Buying and Selling at Spectris

In related news, insider Derek Harding sold 22,577 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($32.80), for a total value of £546,363.40 ($740,430.14). Also, 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 ($34.31), for a total transaction of £224,031.36 ($303,606.67). 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.

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