Spectris (LON:SXS) Stock Price Up 10.9% – Here’s Why

Spectris plc (LON:SXSGet Free Report)’s share price was up 10.9% on Thursday . The stock traded as high as GBX 3,114.76 ($38.34) and last traded at GBX 2,995.52 ($36.88). Approximately 641,436 shares traded hands during trading, a decline of 24% from the average daily volume of 839,624 shares. The stock had previously closed at GBX 2,700 ($33.24).

Spectris Stock Performance

The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The company has a market capitalization of £2.96 billion, a price-to-earnings ratio of 1,115.67, a PEG ratio of 2.74 and a beta of 0.61. The stock has a fifty day moving average price of GBX 2,535.95 and a two-hundred day moving average price of GBX 2,701.42.

Insider Activity at Spectris

In other Spectris news, insider Andrew Heath acquired 2,406 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of GBX 2,480 ($30.53) per share, for a total transaction of £59,668.80 ($73,456.60). Also, insider Mark Williamson bought 12,116 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of GBX 2,476 ($30.48) per share, with a total value of £299,992.16 ($369,312.03). In the last quarter, insiders bought 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is owned by insiders.

About Spectris

(Get Free Report)

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.

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