Spirax Group (OTCMKTS:SPXSY) Sees Unusually-High Trading Volume – Still a Buy?

Spirax Group PLC (OTCMKTS:SPXSY) shares saw an uptick in trading volume on Wednesday . 28,439 shares changed hands during trading, an increase of 71% from the previous session’s volume of 16,676 shares.The stock last traded at $46.24 and had previously closed at $46.39.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Cfra Research upgraded Spirax Group to a “moderate buy” rating in a research report on Tuesday, August 12th. UBS Group raised Spirax Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Spirax Group Stock Up 0.3%

The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $46.95 and its 200 day simple moving average is $43.84.

Spirax Group Company Profile

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.