Spirax Group (OTCMKTS:SPXSY) Stock Price Down 5.3% - Time to Sell?

Key Points

• Spirax Group PLC's stock price decreased by 5.3% to $44.29, with a significant drop in trading volume, down 87% from the average.
• Cfra Research upgraded the shares to a "moderate buy" rating, while the stock maintains an average rating of "Buy" from analysts.
• The company operates in three segments: Steam Thermal Solutions, Electric Thermal Solutions, and Watson-Marlow Fluid Technology Solutions, providing diverse engineered solutions for industrial applications.

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report)'s stock price was down 5.3% during mid-day trading on Tuesday . The company traded as low as $44.29 and last traded at $44.29. Approximately 2,368 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 17,673 shares. The stock had previously closed at $46.77.

Analyst Ratings Changes

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

Spirax Group Trading Down 4.7%

The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 0.62. The business's 50 day simple moving average is $47.07 and its 200 day simple moving average is $42.64.

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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