Spectris (LON:SXS) Trading 60.2% Higher - Should You Buy?

Spectris plc (LON:SXS - Get Free Report) shares traded up 60.2% during mid-day trading on Monday . The company traded as high as GBX 3,546 ($48.00) and last traded at GBX 3,264 ($44.18). 1,519,273 shares were traded during mid-day trading, an increase of 33% from the average session volume of 1,138,243 shares. The stock had previously closed at GBX 2,038 ($27.59).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price target on 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 Trading 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 company 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. The firm's 50 day simple moving average is GBX 2,035.39 and its 200-day simple moving average is GBX 2,439.18.

Insiders Place Their Bets

In other Spectris news, insider Andrew Heath sold 8,848 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were 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 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.

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