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

Spirent Communications plc (LON:SPT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 180.30 ($2.41) and traded as high as GBX 194.80 ($2.60). Spirent Communications shares last traded at GBX 192 ($2.56), with a volume of 20,325,746 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 199 ($2.66) price objective on shares of Spirent Communications in a report on Wednesday, May 7th.

Spirent Communications Stock Performance

The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82. The stock has a market capitalization of £1.39 billion, a P/E ratio of 104.66, a PEG ratio of 5.73 and a beta of 0.57. The business has a 50-day moving average price of GBX 184.59 and a 200 day moving average price of GBX 180.87.

Insider Buying and Selling at Spirent Communications

In related news, insider Paula Bell sold 131,650 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 188 ($2.51), for a total transaction of £247,502 ($330,575.66). Also, insider Eric Updyke sold 55,054 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.51), for a total value of £103,501.52 ($138,241.65). 3.34% of the stock is owned by company insiders.

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.