Spectris (LON:SXS) Shares Up 9.4% – Still a Buy?

Spectris plc (LON:SXS)’s share price traded up 9.4% on Thursday . The company traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). Approximately 472,541 shares changed hands during trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a research note on Thursday. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.15).

Spectris Trading Up 9.4 %

The firm’s 50 day simple moving average is GBX 2,535.95 and its two-hundred day simple moving average is GBX 2,701.42. The stock has a market capitalization of £2.92 billion, a P/E ratio of 1,102.66, a P/E/G ratio of 2.74 and a beta of 0.61. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37.

Insider Activity

In other Spectris news, insider Mark Williamson acquired 12,116 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of GBX 2,476 ($30.58) per share, with a total value of £299,992.16 ($370,543.68). Also, insider Alison Henwood purchased 19 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of GBX 2,599 ($32.10) per share, with a total value of £493.81 ($609.94). Insiders bought a total of 14,553 shares of company stock worth $36,045,861 in the last three months. Company insiders own 1.21% of the company’s stock.

About Spectris

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.