Spirax-Sarco Engineering (OTCMKTS:SPXSY) Trading 1.8% Higher - Here's What Happened

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report)'s share price traded up 1.8% during mid-day trading on Thursday . The stock traded as high as $40.33 and last traded at $40.33. 34,133 shares were traded during mid-day trading, an increase of 44% from the average session volume of 23,635 shares. The stock had previously closed at $39.62.

Analyst Upgrades and Downgrades

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

Spirax-Sarco Engineering Stock Up 0.1 %

The firm has a fifty day moving average of $41.93 and a two-hundred day moving average of $44.01. 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 Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.7609 per share. The ex-dividend date of this dividend is Friday, April 25th. This is a positive change from Spirax-Sarco Engineering's previous dividend of $0.27.

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.