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

Key Points

• Spirent Communications' share price recently cleared its 200-day moving average, closing at GBX 195 ($2.58) amid a volume of 1,192,843 shares.
• Analysts from Canaccord Genuity reaffirmed a "speculative buy" rating on Spirent Communications with a target price of GBX 199 ($2.63).
• The company has a market capitalization of £1.40 billion and reported a PE ratio of 105.63 and a debt-to-equity ratio of 5.25.

Spirent Communications plc (LON:SPT - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 187.67 ($2.49) and traded as high as GBX 195.80 ($2.60). Spirent Communications shares last traded at GBX 195 ($2.59), with a volume of 1,192,843 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 199 ($2.64) target price on shares of Spirent Communications in a research report on Wednesday, May 7th.

Spirent Communications Price Performance

The firm has a market cap of £1.40 billion, a PE ratio of 105.41, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. 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 stock has a 50 day moving average price of GBX 193.44 and a two-hundred day moving average price of GBX 188.13.

About Spirent Communications

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.