Spectris (LON:SXS) Reaches New 52-Week High – What’s Next?

Spectris plc (LON:SXS) shares hit a new 52-week high on Monday . The stock traded as high as GBX 3,492 ($47.14) and last traded at GBX 3,390 ($45.77), with a volume of 4926710 shares traded. The stock had previously closed at GBX 2,038 ($27.51).

Analyst Ratings Changes

Separately, Berenberg Bank cut their price target on Spectris from GBX 3,180 ($42.93) to GBX 3,000 ($40.50) and set a “buy” rating on the stock in a research report on Monday, March 10th.

Spectris Price Performance

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 £3.19 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 2.74 and a beta of 0.61. The firm has a 50-day simple moving average of GBX 2,076.82 and a two-hundred day simple moving average of GBX 2,449.74.

Insider Activity

In other Spectris news, insider Derek Harding bought 3,741 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of GBX 2,085 ($28.15) per share, for a total transaction of £77,999.85 ($105,305.59). Also, insider Andrew Heath sold 8,848 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($34.18), for a total value of £224,031.36 ($302,458.97). Insiders own 1.21% of the company’s stock.

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.