Spirax Group (OTCMKTS:SPXSY) Shares Gap Down - Should You Sell?

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $43.51, but opened at $41.92. Spirax Group shares last traded at $41.98, with a volume of 5,288 shares changing hands.

Analyst Ratings Changes

Separately, Hsbc Global Res lowered Spirax Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th.

Spirax Group Trading Down 3.7%

The business has a 50 day simple moving average of $40.72 and a 200-day simple moving average of $42.66. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.58.

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.

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