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

Shares of Spectris plc (LON:SXS) shot up 9.4% on Thursday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). 472,541 shares were traded during trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.71).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a research note on Thursday. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($58.78).

Spectris Stock Performance

The company has a market cap of £2.92 billion, a PE ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm’s 50 day moving average is GBX 2,552.34 and its 200-day moving average is GBX 2,704.91.

Insider Buying and Selling

In other news, insider Mark Williamson purchased 12,116 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average price of GBX 2,476 ($30.92) per share, for a total transaction of £299,992.16 ($374,568.81). Also, insider Alison Henwood bought 19 shares of Spectris stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of GBX 2,599 ($32.45) per share, with a total value of £493.81 ($616.57). In the last ninety days, insiders acquired 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is currently owned by 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.