Spirent Communications (LON:SPT) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Spirent Communications plc's share price recently surpassed its 200-day moving average, reaching GBX 196.60 ($2.64) amid heightened trading volume.
• Canaccord Genuity Group downgraded the stock to a "hold" rating and set a target price of GBX 199, while the average consensus rating remains a "Moderate Buy" with a target price of GBX 236.
• The company, which specializes in automated test and assurance solutions, operates across multiple regions including Europe, the Middle East, and the Americas.

Spirent Communications plc (LON:SPT - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 189.51 ($2.55) and traded as high as GBX 196.80 ($2.65). Spirent Communications shares last traded at GBX 196.60 ($2.64), with a volume of 3,445,402 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered Spirent Communications to a "hold" rating and set a GBX 199 target price on the stock. in a research report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Spirent Communications presently has an average rating of "Moderate Buy" and a consensus target price of GBX 236.

Spirent Communications Trading Up 0.2%

The company's 50 day simple moving average is GBX 194.45 and its 200 day simple moving average is GBX 189.51. The firm has a market cap of £1.41 billion, a price-to-earnings ratio of 106.28, a P/E/G ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.82 and a quick ratio of 1.95.

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.

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