Spirax-Sarco Engineering (OTCMKTS:SPXSY) Hits New 52-Week Low – Should You Sell?

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $40.81 and last traded at $41.21, with a volume of 14227 shares traded. The stock had previously closed at $42.62.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th.

Spirax-Sarco Engineering Trading Down 3.3 %

The firm has a 50 day moving average of $44.13 and a 200 day moving average of $48.43. The company has a quick ratio of 1.61, a current ratio of 2.25 and a debt-to-equity ratio of 0.76.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.