Spirent Communications (LON:SPT) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Spirent Communications plc's stock recently surpassed its two hundred day moving average, trading at GBX 198.50 ($2.64) with a volume of over 10 million shares.
• Analysts have shown a mixed outlook, with Canaccord Genuity lowering their rating to "hold" and setting a price target of GBX 199, amidst an average consensus target of GBX 207.67.
• The company boasts strong financial ratios, including a quick ratio of 1.95 and a current ratio of 1.82, reflecting solid liquidity management.

Shares of Spirent Communications plc (LON:SPT - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 191.60 ($2.55) and traded as high as GBX 198.60 ($2.64). Spirent Communications shares last traded at GBX 198.50 ($2.64), with a volume of 10,124,798 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered shares of Spirent Communications to a "hold" rating and set a GBX 199 target price for the company. in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 207.67.

Spirent Communications Price Performance

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 196.27 and its 200 day simple moving average is GBX 191.60. The company has a market capitalization of £1.17 billion, a PE ratio of 16,016.13, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57.

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.

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