Spirax Group (OTCMKTS:SPXSY) Shares Gap Up - Should You Buy?

Key Points

• Spirax Group's stock price jumped from $44.26 to $46.16 before the market opened, indicating positive investor sentiment.
• Analysts have rated Spirax Group as a "moderate buy," contributing to a consensus rating of "Buy" among market analysts.
• The company operates in three segments, providing engineered solutions for steam thermal solutions, electric thermal solutions, and fluid technology.

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $44.26, but opened at $46.16. Spirax Group shares last traded at $46.16, with a volume of 1,207 shares traded.

Analyst Ratings Changes

Separately, Cfra Research raised shares of Spirax Group to a "moderate buy" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy".

Spirax Group Trading Up 0.7%

The stock has a fifty day moving average price of $47.30 and a 200-day moving average price of $42.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.77 and a quick ratio of 1.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.