Spirent Communications (LON:SPT) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Spirent Communications plc (LON:SPT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 175.12 ($2.14) and traded as high as GBX 175.30 ($2.15). Spirent Communications shares last traded at GBX 172.50 ($2.11), with a volume of 1,207,861 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPT. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 225 ($2.75) target price on shares of Spirent Communications in a research report on Friday, November 22nd. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.44) price objective on shares of Spirent Communications in a report on Monday, December 2nd. Finally, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 199 ($2.44) target price on shares of Spirent Communications in a report on Monday, December 2nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Spirent Communications has an average rating of “Buy” and an average price target of GBX 236.80 ($2.90).

Spirent Communications Price Performance

The firm has a market capitalization of £996.73 million, a PE ratio of 8,715.00, a P/E/G ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.95 and a current ratio of 1.82. The stock has a fifty day moving average price of GBX 174.68 and a 200-day moving average price of GBX 174.97.

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.