Spectris (LON:SXS) Trading Up 64.4% – Should You Buy?

Spectris plc (LON:SXS)’s share price was up 64.4% during mid-day trading on Monday . The company traded as high as GBX 3,546 ($48.00) and last traded at GBX 3,350 ($45.34). Approximately 5,333,409 shares were traded during mid-day trading, an increase of 355% from the average daily volume of 1,173,235 shares. The stock had previously closed at GBX 2,038 ($27.59).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on shares of Spectris from GBX 3,180 ($43.04) to GBX 3,000 ($40.61) and set a “buy” rating on the stock in a research report on Monday, March 10th.

Spectris Stock Performance

The company has a 50-day moving average of GBX 2,035.39 and a 200-day moving average of GBX 2,439.18. The firm has a market capitalization of £3.25 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. 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 other news, insider Andrew Heath sold 8,848 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($34.27), for a total transaction of £224,031.36 ($303,236.82). Also, insider Derek Harding acquired 3,741 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of GBX 2,085 ($28.22) per share, for a total transaction of £77,999.85 ($105,576.41). 1.21% of the stock is 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.