Spirax Group (OTCMKTS:SPXSY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Spirax Group PLC experienced a significant increase in trading volume, with approximately 55,467 shares traded, marking a 167% rise from the previous session.
• Analysts at HSBC Global Research downgraded Spirax Group from a "strong-buy" to a "hold" rating as of April 17th.
• The company's current ratios indicate healthy financial stability, showcasing a debt-to-equity ratio of 0.58, current ratio of 1.85, and quick ratio of 1.38.

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report) shares saw strong trading volume on Wednesday . 55,467 shares traded hands during mid-day trading, an increase of 167% from the previous session's volume of 20,774 shares.The stock last traded at $48.01 and had previously closed at $46.18.

Analyst Upgrades and Downgrades

Separately, Cfra Research upgraded shares of Spirax Group to a "moderate buy" rating in a research report on Tuesday, August 12th.

Spirax Group Trading Up 0.0%

The company has a fifty day simple moving average of $41.89 and a 200-day simple moving average of $42.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.85 and a quick ratio of 1.38.

Spirax Group Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.