Spirax-Sarco Engineering (OTCMKTS:SPXSY) Stock Price Up 0.6% – Still a Buy?

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) shares shot up 0.6% on Wednesday . The stock traded as high as $44.90 and last traded at $44.38. 105,026 shares traded hands during mid-day trading, an increase of 2,393% from the average session volume of 4,212 shares. The stock had previously closed at $44.12.

Spirax-Sarco Engineering Trading Down 0.8 %

The firm’s fifty day moving average price is $48.59 and its two-hundred day moving average price is $54.20.

Spirax-Sarco Engineering Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, October 18th will be paid a $0.2681 dividend. The ex-dividend date of this dividend is Friday, October 18th.

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.