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 report published on Tuesday, August 12th,Zacks.com reports.

Separately, Hsbc Global Res downgraded Spirax Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th.

Spirax Group Stock Up 0.0%

OTCMKTS:SPXSY traded up $0.02 during mid-day trading on Tuesday, hitting $47.89. 8,722 shares of the company's stock traded hands, compared to its average volume of 16,122. The company has a fifty day moving average of $41.89 and a 200 day moving average of $42.31. Spirax Group has a twelve month low of $34.93 and a twelve month high of $51.38. The company has a current ratio of 1.85, a quick ratio of 1.38 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.