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

Key Points

• Spirax Group's stock opened at $46.40 after closing at $48.49, indicating a significant gap down before the market opened on Wednesday.
• Wall Street analysts have upgraded Spirax Group to a "moderate buy" rating, with an average rating of "Buy" from research analysts.
• The company's key financial metrics include a debt-to-equity ratio of 0.62 and a current ratio of 1.77, indicating stable financial health.

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $48.49, but opened at $46.40. Spirax Group shares last traded at $46.40, with a volume of 207 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Cfra Research upgraded Spirax Group to a "moderate buy" rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy".

Spirax Group Stock Performance

The business has a 50-day moving average of $46.67 and a two-hundred day moving average of $42.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.77.

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.

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