Spectris (LON:SXS) Stock Price Up 71.1% – Time to Buy?

Spectris plc (LON:SXS)’s share price rose 71.1% on Monday . The stock traded as high as GBX 3,546 ($48.00) and last traded at GBX 3,488 ($47.21). Approximately 5,037,051 shares changed hands during mid-day trading, an increase of 330% from the average daily volume of 1,170,516 shares. The stock had previously closed at GBX 2,038 ($27.59).

Analysts Set New Price Targets

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

Spectris Stock Performance

The firm has a 50-day simple moving average of GBX 2,035.39 and a two-hundred day simple moving average of GBX 2,439.18. 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 market capitalization of £3.47 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Insider Activity at Spectris

In other news, insider Derek Harding sold 22,577 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($32.76), for a total transaction of £546,363.40 ($739,528.15). Also, insider Andrew Heath sold 8,848 shares of the 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 value of £224,031.36 ($303,236.82). 1.21% of the stock is currently owned by company 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.