Spirent Communications (LON:SPT) Hits New 52-Week High - Here's Why

Shares of Spirent Communications plc (LON:SPT - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 199.80 ($2.73) and last traded at GBX 194.78 ($2.66), with a volume of 1305768 shares. The stock had previously closed at GBX 195 ($2.66).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 199 ($2.72) price target on shares of Spirent Communications in a research note on Wednesday, May 7th.

Spirent Communications Stock Performance

The company has a debt-to-equity ratio of 5.25, a current ratio of 1.82 and a quick ratio of 1.95. The firm's 50 day moving average is GBX 191.29 and its 200 day moving average is GBX 185.30. The company has a market capitalization of £1.38 billion, a PE ratio of 103.79, a P/E/G ratio of 5.73 and a beta of 0.57.

Spirent Communications Company Profile

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.