Spirent Communications plc (LON:SPT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 179.01 ($2.39) and traded as high as GBX 182.40 ($2.43). Spirent Communications shares last traded at GBX 182.40 ($2.43), with a volume of 1,165,292 shares traded.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 199 ($2.65) price objective on shares of Spirent Communications in a research note on Tuesday, April 1st.
View Our Latest Research Report on Spirent Communications
Spirent Communications Trading Up 0.3 %
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 firm's 50-day simple moving average is GBX 184.22 and its 200 day simple moving average is GBX 179.33. The stock has a market capitalization of £1.33 billion, a P/E ratio of 99.79, a PEG ratio of 5.73 and a beta of 0.57.
Insider Activity at Spirent Communications
In other news, insider Eric Updyke sold 55,054 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of GBX 188 ($2.50), for a total transaction of £103,501.52 ($137,910.09). Also, insider Paula Bell sold 131,650 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.50), for a total transaction of £247,502 ($329,782.81). Company insiders own 3.34% of the company's stock.
About Spirent Communications
(
Get Free Report)
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.
Recommended Stories
Before you consider Spirent Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spirent Communications wasn't on the list.
While Spirent Communications currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
