Spectris (OTCMKTS:SEPJY) Trading Down 4% – Here’s What Happened

Spectris (OTCMKTS:SEPJY) shares dropped 4% on Thursday . The stock traded as low as $25.70 and last traded at $25.70. Approximately 145 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,370 shares. The stock had previously closed at $26.78.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Spectris to a “hold” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Spectris Stock Down 4.0%

The business’s fifty day moving average is $25.67 and its 200-day moving average is $24.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.78 and a quick ratio of 1.09.

Spectris Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, October 6th were paid a $0.1515 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a yield of 183.0%.

Spectris Company Profile

Spectris PLC (OTCMKTS:SEPJY) is a UK‐based provider of precision instrumentation, controls and data analytics solutions serving industrial and scientific markets worldwide. Through a portfolio of specialist brands, the company designs, manufactures and supplies measurement and testing equipment that enables customers to characterize materials, monitor processes and optimize performance across a wide range of applications.

The company’s product offerings include analytical instruments for materials characterization, sensor-based measurement systems, test and measurement platforms, and software for data acquisition and process analytics.