Spectris (LON:SXS) Trading 12.7% Higher - Here's What Happened

Spectris plc (LON:SXS - Get Free Report) shares shot up 12.7% during trading on Tuesday . The stock traded as high as GBX 3,812 ($52.31) and last traded at GBX 3,773.89 ($51.79). 3,341,695 shares changed hands during mid-day trading, an increase of 199% from the average session volume of 1,118,450 shares. The stock had previously closed at GBX 3,348.06 ($45.95).

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price objective on shares of Spectris from GBX 3,180 ($43.64) to GBX 3,000 ($41.17) and set a "buy" rating for the company in a report on Monday, March 10th.

Spectris Stock Performance

The company's fifty day simple moving average is GBX 2,466.14 and its 200 day simple moving average is GBX 2,535.31. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The stock has a market capitalization of £3.85 billion, a P/E ratio of 14.32, a P/E/G ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling at Spectris

In other news, insider Derek Harding purchased 3,741 shares of the business's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of GBX 2,085 ($28.61) per share, with a total value of £77,999.85 ($107,039.73). Insiders own 1.21% of the company's stock.

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.