Shares of Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) were up 0.3% during trading on Monday . The company traded as high as $39.53 and last traded at $39.38. Approximately 25,121 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 24,899 shares. The stock had previously closed at $39.26.
Analyst Upgrades and Downgrades
Separately, Hsbc Global Res lowered Spirax-Sarco Engineering from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 17th.
View Our Latest Stock Report on SPXSY
Spirax-Sarco Engineering Stock Down 0.8%
The firm's 50-day moving average price is $39.96 and its 200 day moving average price is $43.58. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25.
Spirax-Sarco Engineering Increases Dividend
The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Investors of record on Friday, April 25th will be paid a dividend of $0.7609 per share. The ex-dividend date is Friday, April 25th. This is a boost from Spirax-Sarco Engineering's previous dividend of $0.27.
About Spirax-Sarco Engineering
(
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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.
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