Spirent Communications (LON:SPT) Sets New 1-Year High - Still a Buy?

Spirent Communications plc (LON:SPT - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 197 ($2.66) and last traded at GBX 195.20 ($2.63), with a volume of 101169 shares changing hands. The stock had previously closed at GBX 192.72 ($2.60).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 199 ($2.69) price objective on shares of Spirent Communications in a report on Wednesday, May 7th.

Spirent Communications Stock Down 0.5%

The stock has a market capitalization of £1.38 billion, a price-to-earnings ratio of 103.79, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25. The business's 50-day moving average is GBX 185.25 and its two-hundred day moving average is GBX 181.93.

Insider Transactions at Spirent Communications

In related news, insider Paula Bell sold 131,650 shares of Spirent Communications stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.54), for a total transaction of £247,502 ($334,055.88). Also, insider Eric Updyke sold 55,054 shares of Spirent Communications stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.54), for a total value of £103,501.52 ($139,697.02). Insiders own 3.34% of the company's stock.

About Spirent Communications

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.