Spirax Group (OTCMKTS:SPXSY) Stock Rating Upgraded by Cfra Research

Key Points

• Spirax Group has received a new rating of moderate buy from Cfra Research, while HSBC Global Research has downgraded it from a strong-buy to a hold rating.
• As of the report, Spirax Group's stock price increased by 0.1%, reaching $47.91, with a trading volume significantly below its average.
• The company operates through three segments: Steam Thermal Solutions, Electric Thermal Solutions, and Watson-Marlow Fluid Technology Solutions, offering a range of engineered solutions for industrial processes.

Cfra Research upgraded shares of Spirax Group (OTCMKTS:SPXSY - Free Report) to a moderate buy rating in a research report sent to investors on Tuesday, August 12th,Zacks.com reports.

Separately, Hsbc Global Res downgraded shares of Spirax Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Spirax Group Stock Down 0.4%

Shares of SPXSY stock traded down $0.19 on Tuesday, hitting $48.41. 10,174 shares of the stock were exchanged, compared to its average volume of 20,538. The firm's 50 day moving average is $42.05 and its two-hundred day moving average is $42.36. Spirax Group has a one year low of $34.9280 and a one year high of $51.3799. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.58.

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.