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

Key Points

• Spirent Communications shares recently surpassed their 200-day moving average, trading at GBX 194.70 ($2.62) amid a volume of 665,696 shares.
• Canaccord Genuity has reaffirmed a "speculative buy" rating for the stock, setting a target price of GBX 199 ($2.68).
• The company's financials include a market capitalization of £1.40 billion and a debt-to-equity ratio of 5.25, indicating a potentially high leverage situation.

Spirent Communications plc (LON:SPT - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 188.45 ($2.53) and traded as high as GBX 195 ($2.62). Spirent Communications shares last traded at GBX 194.70 ($2.62), with a volume of 665,696 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 199 ($2.67) price target on shares of Spirent Communications in a research report on Wednesday, May 7th.

Spirent Communications Trading Down 0.1%

The stock has a market capitalization of £1.39 billion, a P/E ratio of 104.87, a P/E/G ratio of 5.73 and a beta of 0.57. The firm's 50 day moving average price is GBX 193.81 and its 200 day moving average price is GBX 188.66. 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.