Spirent Communications (LON:SPT) Stock Crosses Above Two Hundred Day Moving Average of $127.76

Spirent Communications plc (LON:SPT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 127.76 ($1.59) and traded as high as GBX 196 ($2.44). Spirent Communications shares last traded at GBX 193.50 ($2.41), with a volume of 953,323 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Canaccord Genuity Group increased their price target on shares of Spirent Communications from GBX 172.50 ($2.15) to GBX 199 ($2.48) and gave the company a “hold” rating in a research note on Wednesday, April 10th. Numis Securities increased their price target on shares of Spirent Communications from GBX 155 ($1.93) to GBX 240 ($2.99) and gave the company a “buy” rating in a research note on Friday, March 8th.

Spirent Communications Trading Down 0.5 %

The stock has a market capitalization of £1.10 billion, a P/E ratio of 6,433.33, a PEG ratio of 5.73 and a beta of 0.53. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.93 and a quick ratio of 1.95. The business’s 50 day simple moving average is GBX 162.82 and its 200-day simple moving average is GBX 128.62.

Insider Buying and Selling at Spirent Communications

In other Spirent Communications news, insider Paula Bell sold 26,889 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of GBX 176 ($2.19), for a total value of £47,324.64 ($58,912.78). Insiders own 4.09% of the company’s stock.

Spirent Communications Company Profile

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.