Spectris (LON:SXS) Stock Price Up 9.4% – Still a Buy?

Spectris plc (LON:SXS)’s share price shot up 9.4% 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 traded 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 reaffirmed a “buy” rating on shares of Spectris in a 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($58.78).

Spectris Stock Performance

The stock has a market capitalization of £2.92 billion, a PE ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61. The business’s 50 day moving average is GBX 2,552.34 and its 200 day moving average is GBX 2,704.91. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

Insider Buying and Selling at Spectris

In related news, insider Mark Williamson purchased 12,116 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of GBX 2,476 ($30.92) per share, for a total transaction of £299,992.16 ($374,568.81). Also, insider Alison Henwood acquired 19 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average price of GBX 2,599 ($32.45) per share, with a total value of £493.81 ($616.57). Insiders acquired 14,553 shares of company stock worth $36,045,861 over the last 90 days. 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.