Spectris (LON:SXS) Trading 9.4% Higher – Should You Buy?

Spectris plc (LON:SXS) was up 9.4% on Thursday . The stock traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). Approximately 472,541 shares traded 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).

Analyst Ratings Changes

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

Spectris Stock Performance

The company has a market cap of £2.92 billion, a price-to-earnings ratio of 1,102.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The firm has a 50-day simple moving average of GBX 2,535.95 and a 200 day simple moving average of GBX 2,701.42. 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 Transactions at Spectris

In other Spectris news, insider Mark Williamson purchased 12,116 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of GBX 2,476 ($30.58) per share, for a total transaction of £299,992.16 ($370,543.68). Also, insider Alison Henwood acquired 19 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average cost of GBX 2,599 ($32.10) per share, for a total transaction of £493.81 ($609.94). Insiders purchased 14,553 shares of company stock worth $36,045,861 over the last 90 days. 1.21% of the stock is currently owned by insiders.

Spectris Company Profile

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.