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

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report) shares gapped down prior to trading 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.

Analyst Upgrades and Downgrades

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

Spirax Group Stock Down 2.6%

The firm's 50-day simple moving average is $40.75 and its 200-day simple moving average is $42.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.38 and a current ratio of 1.85.

About Spirax Group

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.