Spirax-Sarco Engineering (OTCMKTS:SPXSY) Shares Up 0.3% - Should You Buy?

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) was up 0.3% during mid-day trading on Monday . The stock traded as high as $39.53 and last traded at $39.38. Approximately 25,121 shares were traded during trading, an increase of 1% from the average daily volume of 24,899 shares. The stock had previously closed at $39.26.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res cut shares of Spirax-Sarco Engineering from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th.

Spirax-Sarco Engineering Price Performance

The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25. The firm's 50 day moving average is $39.69 and its 200-day moving average is $43.51.

Spirax-Sarco Engineering Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, April 25th will be paid a $0.7609 dividend. This is a boost from Spirax-Sarco Engineering's previous dividend of $0.27. The ex-dividend date of this dividend is Friday, April 25th.

Spirax-Sarco Engineering Company Profile

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.