Spectris plc (LON:SXS - Get Free Report)'s share price was up 60.6% during trading on Monday . The company traded as high as GBX 3,546 ($48.28) and last traded at GBX 3,274 ($44.57). Approximately 5,532,313 shares traded hands during mid-day trading, an increase of 371% from the average daily volume of 1,175,060 shares. The stock had previously closed at GBX 2,038 ($27.75).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank decreased their target price on Spectris from GBX 3,180 ($43.29) to GBX 3,000 ($40.84) and set a "buy" rating for the company in a research report on Monday, March 10th.
Read Our Latest Research Report on Spectris
Spectris Price Performance
The firm has a market capitalization of £3.21 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The business has a 50-day moving average of GBX 2,124.56 and a 200 day moving average of GBX 2,459.81. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.
Insider Activity at Spectris
In other Spectris news, insider Andrew Heath sold 8,848 shares of Spectris 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 sold 22,577 shares of Spectris stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of GBX 2,420 ($32.95), for a total value of £546,363.40 ($743,857.59). 1.21% of the stock is currently 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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