Spirent Communications plc (LON:SPT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 180.30 ($2.39) and traded as high as GBX 194.80 ($2.58). Spirent Communications shares last traded at GBX 192 ($2.55), with a volume of 20,325,746 shares.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 199 ($2.64) price target on shares of Spirent Communications in a research report on Wednesday, May 7th.
Read Our Latest Analysis on SPT
Spirent Communications Stock Up 0.3%
The firm has a 50 day moving average price of GBX 184.35 and a two-hundred day moving average price of GBX 180.30. 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 company has a market capitalization of £1.38 billion, a price-to-earnings ratio of 104.12, a P/E/G ratio of 5.73 and a beta of 0.57.
Insider Activity
In related news, insider Eric Updyke sold 55,054 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 188 ($2.49), for a total value of £103,501.52 ($137,306.34). Also, insider Paula Bell sold 131,650 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 188 ($2.49), for a total transaction of £247,502 ($328,339.08). Insiders own 3.34% of the company's stock.
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.
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