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Spirent Communications (LON:SPT) Reaches New 1-Year High - Time to Buy?

Spirent Communications logo with Computer and Technology background

Shares of Spirent Communications plc (LON:SPT - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 198.80 ($2.73) and last traded at GBX 194.80 ($2.67), with a volume of 3205 shares changing hands. The stock had previously closed at GBX 192.80 ($2.65).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 199 ($2.73) target price on shares of Spirent Communications in a report on Wednesday, May 7th.

Get Our Latest Analysis on Spirent Communications

Spirent Communications Stock Performance

The stock has a market capitalization of £1.40 billion, a P/E ratio of 105.30, a PEG ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82. The company's fifty day simple moving average is GBX 189.94 and its two-hundred day simple moving average is GBX 184.81.

About Spirent Communications

(Get Free Report)

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.

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