Spirax-Sarco Engineering (OTCMKTS:SPXSY) Hits New 1-Year Low – Here’s Why

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $39.37 and last traded at $39.80, with a volume of 17210 shares. The stock had previously closed at $40.18.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

Spirax-Sarco Engineering Trading Up 2.8 %

The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25. The stock’s 50-day moving average price is $43.87 and its 200-day moving average price is $47.93.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.