Spirent Communications (LON:SPT) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Spirent Communications plc (LON:SPT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 179.43 ($2.38) and traded as high as GBX 188.40 ($2.50). Spirent Communications shares last traded at GBX 186 ($2.47), with a volume of 9,337,727 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 199 ($2.64) target price on shares of Spirent Communications in a research report on Tuesday, April 1st.

Spirent Communications Price Performance

The stock has a market capitalization of £1.34 billion, a price-to-earnings ratio of 100.55, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.82 and a quick ratio of 1.95. The company has a 50-day simple moving average of GBX 184.19 and a two-hundred day simple moving average of GBX 179.46.

Insiders Place Their Bets

In other Spirent Communications news, insider Paula Bell sold 131,650 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.50), for a total value of £247,502 ($328,513.41). Also, insider Eric Updyke sold 55,054 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.50), for a total value of £103,501.52 ($137,379.24). 3.34% of the stock is owned by insiders.

About Spirent Communications

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.