Spectris (LON:SXS) Shares Up 10.9% – Time to Buy?

Shares of Spectris plc (LON:SXS) rose 10.9% during mid-day trading on Thursday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,995.52 ($37.40). Approximately 641,436 shares changed 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 ($33.71).

Wall Street Analyst Weigh In

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

Spectris Stock Down 1.1 %

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 has a market capitalization of £2.92 billion, a PE ratio of 1,100.75, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The business’s 50-day moving average price is GBX 2,552.34 and its 200-day moving average price is GBX 2,704.91.

Insider Buying and Selling at Spectris

In other news, insider Andrew Heath purchased 2,406 shares of Spectris stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of GBX 2,480 ($30.97) per share, for a total transaction of £59,668.80 ($74,502.19). Also, insider Alison Henwood acquired 19 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of GBX 2,599 ($32.45) per share, for a total transaction of £493.81 ($616.57). In the last quarter, insiders have purchased 14,553 shares of company stock worth $36,045,861. 1.21% of the stock is currently owned by company insiders.

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.