Spectris (LON:SXS) Trading Up 60.2% – Should You Buy?

Spectris plc (LON:SXS) shares shot up 60.2% during trading on Monday . The stock traded as high as GBX 3,546 ($48.00) and last traded at GBX 3,264 ($44.18). 1,520,147 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 1,138,251 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 Trading Up 60.2%

The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The company 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 business has a fifty day moving average price of GBX 2,035.39 and a 200 day moving average price of GBX 2,439.18.

Insider Buying and Selling at Spectris

In other news, insider Derek Harding purchased 3,741 shares of the business’s stock in a transaction on Friday, April 4th. The stock was purchased at an average price of GBX 2,085 ($28.22) per share, with a total value of £77,999.85 ($105,576.41). Also, insider Andrew Heath sold 8,848 shares of Spectris stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($34.27), for a total value of £224,031.36 ($303,236.82). Insiders own 1.21% of the company’s stock.

Spectris Company Profile

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.