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

Key Points

• Spirent Communications plc stock has recently crossed above its 200-day moving average, which is set at GBX 190.06, with the stock last trading at GBX 194.20.
• Analysts have mixed opinions on the stock, with Canaccord Genuity downgrading it to a "hold" rating and setting a price target at GBX 199, while the consensus rating remains a "Moderate Buy" with a target price of GBX 236.
• The company currently has a market cap of £1.13 billion and a pe ratio indicating a relatively high valuation compared to earnings.

Spirent Communications plc (LON:SPT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 190.06 ($2.57) and traded as high as GBX 196.80 ($2.66). Spirent Communications shares last traded at GBX 194.20 ($2.63), with a volume of 1,686,300 shares trading hands.

Analyst Upgrades and Downgrades

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

Spirent Communications Stock Performance

The company has a market capitalization of £1.14 billion, a P/E ratio of 15,862.66, a PEG ratio of 5.73 and a beta of 0.57. The stock's fifty day moving average price is GBX 195.17 and its 200-day moving average price is GBX 190.31. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82.

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.