Spectris (LON:SXS) Shares Up 60.2% - Should You Buy?

Spectris plc (LON:SXS - Get Free Report) shares rose 60.2% during trading on Monday . The company traded as high as GBX 3,546 ($48.28) and last traded at GBX 3,264 ($44.44). Approximately 1,520,147 shares changed hands during mid-day 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).

Wall Street Analyst Weigh In

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

Spectris Price Performance

The stock's fifty day moving average is GBX 2,124.56 and its 200-day moving average is GBX 2,459.81. The stock has a market capitalization of £3.21 billion, a PE ratio of 11.92, a P/E/G ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03.

Insiders Place Their Bets

In other news, insider Derek Harding sold 22,577 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($32.95), for a total value of £546,363.40 ($743,857.59). Also, insider Andrew Heath sold 8,848 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($34.47), for a total value of £224,031.36 ($305,012.06). Insiders own 1.21% of the company's stock.

About Spectris

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.