Spirent Communications (LON:SPT) Shares Cross Above 200 Day Moving Average of $162.12

Spirent Communications plc (LON:SPT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 162.12 ($2.08) and traded as high as GBX 181.80 ($2.33). Spirent Communications shares last traded at GBX 181 ($2.32), with a volume of 812,497 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price target on shares of Spirent Communications from GBX 172.50 ($2.21) to GBX 199 ($2.55) and gave the stock a “hold” rating in a report on Wednesday, April 10th.

Spirent Communications Price Performance

The stock has a fifty day moving average of GBX 185.05 and a 200 day moving average of GBX 162.67. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.93 and a quick ratio of 1.95. The stock has a market cap of £1.04 billion, a price-to-earnings ratio of 6,056.67, a P/E/G ratio of 5.73 and a beta of 0.54.

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.