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

Shares of Spectris plc (LON:SXS - Get Free Report) were up 60.2% on Monday . The stock traded as high as GBX 3,546 ($48.28) and last traded at GBX 3,264 ($44.44). 1,520,147 shares changed 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 ($27.75).

Analyst Ratings Changes

Separately, Berenberg Bank lowered their target price on shares of Spectris from GBX 3,180 ($43.29) to GBX 3,000 ($40.84) and set a "buy" rating for the company in a report on Monday, March 10th.

Spectris Trading Up 0.2%

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 market capitalization of £3.21 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 2.74 and a beta of 0.61. The business has a fifty day moving average price of GBX 2,124.56 and a 200 day moving average price of GBX 2,459.81.

Insiders Place Their Bets

In other news, insider Andrew Heath sold 8,848 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($34.47), for a total transaction of £224,031.36 ($305,012.06). Also, insider Derek Harding bought 3,741 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of GBX 2,085 ($28.39) per share, with a total value of £77,999.85 ($106,194.49). 1.21% of the stock is currently owned by 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.