Spirent Communications (LON:SPT) Shares Cross Above 200 Day Moving Average - Here's What Happened

Shares of Spirent Communications plc (LON:SPT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 182.72 ($2.48) and traded as high as GBX 194.60 ($2.64). Spirent Communications shares last traded at GBX 192.56 ($2.61), with a volume of 859,560 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 199 ($2.70) price objective on shares of Spirent Communications in a research report on Wednesday, May 7th.

Spirent Communications Price Performance

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 50 day moving average of GBX 185.63 and a 200-day moving average of GBX 183.02. The firm has a market capitalization of £1.39 billion, a P/E ratio of 104.33, a P/E/G ratio of 5.73 and a beta of 0.57.

Insider Activity

In related news, insider Eric Updyke sold 55,054 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.55), for a total transaction of £103,501.52 ($140,264.97). Also, insider Paula Bell sold 131,650 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.55), for a total value of £247,502 ($335,414.01). 3.34% of the stock is currently owned by company insiders.

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.