Spirent Communications plc (LON:SPT - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 200 ($2.69) and last traded at GBX 194.40 ($2.61), with a volume of 223323 shares traded. The stock had previously closed at GBX 195 ($2.62).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 199 ($2.67) price target on shares of Spirent Communications in a research note on Wednesday, May 7th.
Read Our Latest Stock Analysis on SPT
Spirent Communications Price Performance
The company has a market cap of £1.40 billion, a price-to-earnings ratio of 105.63, a PEG ratio of 5.73 and a beta of 0.57. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.25. The company's 50 day moving average price is GBX 192.70 and its 200 day moving average price is GBX 186.28.
About Spirent Communications
(
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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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