Spirent Communications (LON:SPT) Shares Pass Above 200 Day Moving Average – Here’s Why

Spirent Communications plc (LON:SPT)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 175.59 ($2.21) and traded as high as GBX 187.30 ($2.36). Spirent Communications shares last traded at GBX 187.30 ($2.36), with a volume of 779,515 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SPT shares. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.50) price objective on shares of Spirent Communications in a research note on Monday, December 2nd. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.50) price target on shares of Spirent Communications in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 225 ($2.83) price objective on shares of Spirent Communications in a research report on Friday, November 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 236.80 ($2.98).

Spirent Communications Price Performance

The stock has a 50 day moving average of GBX 179.55 and a 200-day moving average of GBX 175.59. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.25. The stock has a market capitalization of £1.34 billion, a P/E ratio of 101.14, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57.

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.