Spirax Group (OTCMKTS:SPXSY) Trading 1.5% Higher - Here's What Happened

Key Points

• Spirax Group PLC shares rose by **1.5%** to **$48.10** on Tuesday, with trading volume increasing by **232%** compared to the average session.
• Cfra Research upgraded Spirax Group's stock rating to a **"moderate buy,"** contributing to an average rating of **"Buy"** from analysts.
• The company operates in three main segments: **Steam Thermal Solutions**, **Electric Thermal Solutions**, and **Watson-Marlow Fluid Technology Solutions**, providing various industrial solutions related to steam and fluid technology.

Spirax Group PLC (OTCMKTS:SPXSY - Get Free Report) shot up 1.5% on Tuesday . The company traded as high as $48.10 and last traded at $48.10. 17,295 shares changed hands during trading, an increase of 232% from the average session volume of 5,206 shares. The stock had previously closed at $47.40.

Analyst Ratings Changes

Separately, Cfra Research raised Spirax Group to a "moderate buy" rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Spirax Group Price Performance

The business has a 50 day moving average price of $45.57 and a two-hundred day moving average price of $42.41. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.58.

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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