Spirent Communications (LON:SPT) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Spirent Communications plc (LON:SPT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 185.56 ($2.50) and traded as high as GBX 193.42 ($2.61). Spirent Communications shares last traded at GBX 192.71 ($2.60), with a volume of 654,235 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 199 ($2.68) price objective on shares of Spirent Communications in a report on Wednesday, May 7th.

Spirent Communications Stock Performance

The stock has a 50 day moving average price of GBX 192.03 and a two-hundred day moving average price of GBX 185.84. 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 has a market cap of £1.39 billion, a price-to-earnings ratio of 104.44, 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.