Spirax-Sarco Engineering (OTCMKTS:SPXSF) Shares Down 1.1% - What's Next?

Key Points

• Spirax-Sarco Engineering plc shares dropped by 1.1% during Friday trading, closing at $94.00, with trading volume declining 33% from the average.
• The company's financial ratios indicate a strong liquidity position with a current ratio of 2.25 and a debt-to-equity ratio of 0.76.
• Spirax Group PLC specializes in thermal energy and fluid technology solutions for various industrial applications, including steam systems and electrical process heating.

Spirax-Sarco Engineering plc (OTCMKTS:SPXSF - Get Free Report) dropped 1.1% on Friday . The stock traded as low as $94.00 and last traded at $94.00. Approximately 550 shares changed hands during trading, a decline of 33% from the average daily volume of 818 shares. The stock had previously closed at $95.00.

Spirax-Sarco Engineering Price Performance

The company has a current ratio of 2.25, a quick ratio of 1.61 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $83.02 and a two-hundred day moving average of $83.79.

About Spirax-Sarco Engineering

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.