Spirent Communications (LON:SPT) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Spirent Communications plc (LON:SPT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 181.37 ($2.44) and traded as high as GBX 194.60 ($2.62). Spirent Communications shares last traded at GBX 192.72 ($2.60), with a volume of 474,978 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 199 ($2.68) price objective on shares of Spirent Communications in a report on Wednesday, May 7th.

Spirent Communications Stock Down 0.6%

The stock has a market capitalization of £1.38 billion, a P/E ratio of 103.68, a P/E/G ratio of 5.73 and a beta of 0.57. The firm's fifty day moving average is GBX 185.25 and its 200-day moving average is GBX 181.93. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.25.

Insider Activity at Spirent Communications

In other Spirent Communications news, insider Eric Updyke sold 55,054 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 188 ($2.53), for a total value of £103,501.52 ($139,433.54). Also, insider Paula Bell sold 131,650 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.53), for a total transaction of £247,502 ($333,425.84). 3.34% of the stock is currently owned by 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.