Spectris plc (LON:SXS - Get Free Report)'s share price rose 60.2% on Monday . The company traded as high as GBX 3,546 ($48.28) and last traded at GBX 3,264 ($44.44). Approximately 1,519,273 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 1,138,243 shares. The stock had previously closed at GBX 2,038 ($27.75).
Analyst Ratings Changes
Separately, Berenberg Bank reduced their price objective 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 research note on Monday, March 10th.
Read Our Latest Report on SXS
Spectris Price Performance
The stock's 50 day moving average price is GBX 2,124.56 and its two-hundred day moving average price is GBX 2,459.81. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The firm has a market capitalization of £3.21 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 2.74 and a beta of 0.61.
Insider Transactions at Spectris
In related news, insider Derek Harding bought 3,741 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of GBX 2,085 ($28.39) per share, for a total transaction of £77,999.85 ($106,194.49). Also, insider Andrew Heath sold 8,848 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($34.47), for a total transaction of £224,031.36 ($305,012.06). 1.21% of the stock is owned by corporate insiders.
About Spectris
(
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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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