Spirax-Sarco Engineering (OTCMKTS:SPXSF) Shares Down 0.2% - Here's Why

Key Points

• Spirax-Sarco Engineering shares experienced a slight decline of 0.2% on Friday, closing at $82.95 after trading as low as $82.90.
• The company saw its trading volume increase by 131% compared to its average daily volume, with approximately 1,250 shares exchanged during mid-day trading.
• Spirax-Sarco Engineering specializes in thermal energy and fluid technology solutions, providing products for industrial and commercial applications including steam systems and temperature management solutions.

Spirax-Sarco Engineering plc (OTCMKTS:SPXSF - )'s stock price dropped 0.2% during mid-day trading on Friday . The company traded as low as $82.90 and last traded at $82.95. Approximately 1,250 shares traded hands during mid-day trading, an increase of 131% from the average daily volume of 540 shares. The stock had previously closed at $83.12.

Spirax-Sarco Engineering Stock Performance

The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76. The stock's fifty day simple moving average is $80.58 and its 200-day simple moving average is $83.68.

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.

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