Shares of Spirent Communications plc (LON:SPT - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 179.43 ($2.39) and traded as high as GBX 188.40 ($2.50). Spirent Communications shares last traded at GBX 186 ($2.47), with a volume of 9,337,727 shares traded.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 199 ($2.65) price target on shares of Spirent Communications in a research note on Tuesday, April 1st.
Read Our Latest Report on Spirent Communications
Spirent Communications Stock Performance
The firm's 50 day simple moving average is GBX 184.21 and its 200 day simple moving average is GBX 179.57. The firm has a market capitalization of £1.34 billion, a price-to-earnings ratio of 100.55, a PEG ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82.
Insider Activity at Spirent Communications
In other Spirent Communications news, insider Paula Bell sold 131,650 shares of the business'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 value of £247,502 ($328,993.75). Also, insider Eric Updyke sold 55,054 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.50), for a total value of £103,501.52 ($137,580.11). 3.34% of the stock is currently owned by insiders.
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.
Featured 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
Like this article? Share it with a colleague.
Link copied to clipboard.
