Spirent Communications (LON:SPT) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Spirent Communications plc's stock price exceeded its 200-day moving average on Friday, trading at GBX 196.84 ($2.67) with high volume of over 7 million shares.
• Analysts have given a Moderate Buy rating to Spirent Communications, with a consensus price target of GBX 236, although Canaccord Genuity has downgraded it to a "hold" with a target of GBX 199.
• The company, which specializes in automated test and assurance solutions, has a market capitalization of £1.14 billion and operates across various global regions.

Spirent Communications plc (LON:SPT - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 190.44 ($2.58) and traded as high as GBX 197.20 ($2.67). Spirent Communications shares last traded at GBX 196.84 ($2.67), with a volume of 7,141,055 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut shares of Spirent Communications to a "hold" rating and set a GBX 199 price target on the stock. in a report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Spirent Communications currently has an average rating of "Moderate Buy" and a consensus price target of GBX 236.

Spirent Communications Price Performance

The company's fifty day moving average price is GBX 195.36 and its 200 day moving average price is GBX 190.44. The company has a market capitalization of £1.14 billion, a P/E ratio of 15,874.03, a PEG 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.

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.

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