Shares of Spirent Communications plc (LON:SPT - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 183.59 ($2.49) and traded as high as GBX 193 ($2.62). Spirent Communications shares last traded at GBX 191.85 ($2.60), with a volume of 3,358,131 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 199 ($2.70) target price on shares of Spirent Communications in a research note on Wednesday, May 7th.
Get Our Latest Stock Analysis on SPT
Spirent Communications Stock Performance
The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25. The business has a 50 day moving average price of GBX 186.56 and a 200 day moving average price of GBX 183.59. The stock has a market cap of £1.38 billion, a P/E ratio of 103.71, a PEG ratio of 5.73 and a beta of 0.57.
Insider Buying and Selling
In related news, insider Paula Bell sold 131,650 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 188 ($2.55), for a total value of £247,502 ($335,823.61). 3.34% of the stock is owned by corporate insiders.
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.
Further Reading
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