Spectris (LON:SXS) Shares Up 9.4% – Here’s What Happened

Spectris plc (LON:SXS) shares rose 9.4% during mid-day trading on Friday . The stock traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). Approximately 472,541 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of Spectris in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Spectris presently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($58.15).

Spectris Price Performance

The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The company has a 50-day simple moving average of GBX 2,535.95 and a 200-day simple moving average of GBX 2,701.42. The stock has a market cap of £2.98 billion, a PE ratio of 1,125.37, a PEG ratio of 2.74 and a beta of 0.61.

Insider Activity

In other news, insider Mark Williamson purchased 12,116 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of GBX 2,476 ($30.58) per share, for a total transaction of £299,992.16 ($370,543.68). Also, insider Andrew Heath acquired 2,406 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of GBX 2,480 ($30.63) per share, with a total value of £59,668.80 ($73,701.58). Insiders purchased 14,553 shares of company stock worth $36,045,861 in the last 90 days. 1.21% of the stock is currently owned by corporate insiders.

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.