Spectris (LON:SXS) Trading 9.4% Higher – Still a Buy?

Spectris plc (LON:SXS) shares shot up 9.4% on Thursday . The company traded as high as GBX 3,114.76 ($38.34) and last traded at GBX 2,955.14 ($36.38). 472,541 shares were traded 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 ($33.24).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a research note on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat, Spectris has an average rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($57.95).

Spectris Stock Performance

The company’s 50 day simple moving average is GBX 2,535.95 and its 200 day simple moving average is GBX 2,701.42. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The stock has a market cap of £2.92 billion, a PE ratio of 1,102.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Insider Activity at Spectris

In related news, insider Alison Henwood bought 19 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of GBX 2,599 ($32.00) per share, for a total transaction of £493.81 ($607.92). Also, insider Andrew Heath purchased 2,406 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost of GBX 2,480 ($30.53) per share, for a total transaction of £59,668.80 ($73,456.60). Over the last three months, insiders acquired 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is 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.