Spirax Group (OTCMKTS:SPXSY) Shares Up 3% - Should You Buy?

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report)'s share price rose 3% during trading on Wednesday . The company traded as high as $42.52 and last traded at $42.52. Approximately 12,344 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 12,446 shares. The stock had previously closed at $41.30.

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 Price Performance

The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $40.72 and its 200-day moving average is $42.55.

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.