Spirax-Sarco Engineering (OTCMKTS:SPXSF) Sees Strong Trading Volume - Should You Buy?

Key Points

• Spirax-Sarco Engineering saw a 155% increase in trading volume on Thursday, with 1,350 shares traded compared to 529 shares in the previous session.
• The company's stock price declined by 1.0%, closing at $81.95 after previously finishing at $82.75.
• Spirax Group PLC specializes in thermal energy and fluid technology solutions, offering a range of products for industrial and commercial steam systems, heating, and temperature management.

Spirax-Sarco Engineering plc (OTCMKTS:SPXSF - Get Free Report) shares saw strong trading volume on Thursday . 1,350 shares were traded during mid-day trading, an increase of 155% from the previous session's volume of 529 shares.The stock last traded at $81.95 and had previously closed at $82.75.

Spirax-Sarco Engineering Stock Up 0.2%

The firm has a fifty day simple moving average of $80.87 and a 200 day simple moving average of $83.70. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76.

Spirax-Sarco Engineering Company Profile

Spirax Group PLC provides thermal energy and 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, specialty filling systems, and products for single-use applications.