Spectris (LON:SXS) Shares Up 9.4% – Time to Buy?

Spectris plc (LON:SXS)’s share price shot up 9.4% during mid-day trading on Thursday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). 472,541 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.71).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a research report on Thursday. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, Spectris currently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.78).

Spectris Price 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 firm’s fifty day moving average price is GBX 2,552.34 and its 200-day moving average price is GBX 2,704.91. The stock has a market cap of £2.92 billion, a P/E ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling at Spectris

In other Spectris news, insider Andrew Heath bought 2,406 shares of Spectris stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of GBX 2,480 ($30.97) per share, with a total value of £59,668.80 ($74,502.19). Also, insider Alison Henwood bought 19 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of GBX 2,599 ($32.45) per share, with a total value of £493.81 ($616.57). Insiders bought 14,553 shares of company stock valued at $36,045,861 in the last quarter. 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.