Spirent Communications (LON:SPT) Shares Cross Above 200 Day Moving Average of $159.80

Spirent Communications plc (LON:SPT)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 159.80 ($2.02) and traded as high as GBX 183.20 ($2.32). Spirent Communications shares last traded at GBX 180.80 ($2.29), with a volume of 2,228,696 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Numis Securities upped their target price on Spirent Communications from GBX 155 ($1.96) to GBX 240 ($3.04) and gave the company a “buy” rating in a report on Friday, March 8th. Canaccord Genuity Group increased their price target on Spirent Communications from GBX 172.50 ($2.18) to GBX 199 ($2.52) and gave the stock a “hold” rating in a report on Wednesday, April 10th.

Spirent Communications Trading Up 0.3 %

The firm has a market capitalization of £1.04 billion, a PE ratio of 6,040.00, a PEG ratio of 5.73 and a beta of 0.54. The company has a current ratio of 1.93, a quick ratio of 1.95 and a debt-to-equity ratio of 5.70. The business has a fifty day moving average price of GBX 186.82 and a two-hundred day moving average price of GBX 159.95.

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.