Spirent Communications (LON:SPT) Stock Crosses Above Two Hundred Day Moving Average of $127.76

Spirent Communications plc (LON:SPT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 127.76 ($1.59) and traded as high as GBX 196 ($2.44). Spirent Communications shares last traded at GBX 193.50 ($2.41), with a volume of 953,323 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPT. Canaccord Genuity Group lifted their price target on shares of Spirent Communications from GBX 172.50 ($2.15) to GBX 199 ($2.48) and gave the stock a “hold” rating in a research note on Wednesday, April 10th. Numis Securities increased their price target on Spirent Communications from GBX 155 ($1.93) to GBX 240 ($2.99) and gave the company a “buy” rating in a report on Friday, March 8th.

Spirent Communications Stock Up 0.7 %

The stock has a market cap of £1.11 billion, a P/E ratio of 6,450.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.53. The company has a current ratio of 1.93, a quick ratio of 1.95 and a debt-to-equity ratio of 5.70. The stock’s 50-day moving average is GBX 159.84 and its 200-day moving average is GBX 127.76.

Insiders Place Their Bets

In other news, insider Paula Bell sold 26,889 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of GBX 176 ($2.19), for a total value of £47,324.64 ($58,912.78). Corporate insiders own 4.09% of the company’s stock.

About Spirent Communications

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.