Spirax Group (OTCMKTS:SPXSY) Sees Strong Trading Volume – Time to Buy?

Spirax Group PLC (OTCMKTS:SPXSY) shares saw an uptick in trading volume on Tuesday . 2,001 shares changed hands during trading, an increase of 4% from the previous session’s volume of 1,929 shares.The stock last traded at $47.00 and had previously closed at $47.91.

Analyst Ratings Changes

Separately, UBS Group raised shares of Spirax Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Spirax Group Trading Down 1.4%

The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average price is $45.65 and its 200 day moving average price is $45.51.

Spirax Group Company Profile

Spirax Group is a UK-based engineering company specializing in steam and thermal energy solutions. Founded in 1888 and headquartered in Cheltenham, England, the group combines product design, system integration and aftermarket services to help industrial customers improve efficiency, safety and environmental performance.

The company’s core offerings include steam traps, control valves, heat exchangers, pumps, burners and packaged boiler house solutions. In addition to equipment supply, Spirax Group provides commissioning, maintenance, troubleshooting and training services that support continuous operation and energy management across complex steam and thermal systems.

Spirax Group operates through two principal business segments: Steam Specialties, which focuses on pressure and temperature control, and Electrical & Mechanical, which provides pumps, heat exchangers and associated services.