Spectris (LON:SXS) Reaches New 52-Week Low – Here’s Why

Spectris plc (LON:SXS) shares reached a new 52-week low on Thursday . The stock traded as low as GBX 2,366 ($30.46) and last traded at GBX 2,380 ($30.64), with a volume of 22176 shares traded. The stock had previously closed at GBX 2,400 ($30.90).

Wall Street Analyst Weigh In

A number of brokerages recently commented on SXS. Berenberg Bank decreased their target price on Spectris from GBX 3,180 ($40.94) to GBX 3,000 ($38.62) and set a “buy” rating on the stock in a report on Monday, March 10th. Shore Capital reiterated a “buy” rating on shares of Spectris in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 3,765 ($48.47).

Spectris Stock Down 0.5 %

The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The company has a 50 day simple moving average of GBX 2,786.43 and a two-hundred day simple moving average of GBX 2,649.55. The firm has a market capitalization of £2.38 billion, a P/E ratio of 8.84, a P/E/G ratio of 2.74 and a beta of 0.61.

Spectris (LON:SXS) last released its earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.91) EPS for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. On average, equities analysts predict that Spectris plc will post 194.7972456 EPS for the current fiscal year.

Spectris Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 15th will be given a dividend of GBX 56.60 ($0.73) per share. This is a positive change from Spectris’s previous dividend of $26.60. The ex-dividend date is Thursday, May 15th. This represents a dividend yield of 2.25%. Spectris’s dividend payout ratio (DPR) is presently 30.00%.

Insider Transactions at Spectris

In other Spectris news, insider Andrew Heath sold 8,848 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($32.60), for a total transaction of £224,031.36 ($288,440.02). Over the last three months, insiders have bought 17 shares of company stock valued at $46,134. 1.21% of the stock is currently owned by 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.