Spectris (LON:SXS) Shares Up 9.4% - Here's Why

Spectris plc (LON:SXS) saw its stock price rise by 9.4% on Thursday. The stock reached a peak of GBX 3,114.76 ($38.47) before closing at GBX 2,955.14 ($36.50). During the trading session, approximately 472,541 shares changed hands, which is a decrease of 43% compared to the average daily trading volume of 829,068 shares. The previous close for the stock was GBX 2,700 ($33.35).

Analyst Insights

In a separate report, Shore Capital maintained a "buy" rating for Spectris shares on Thursday. Among analysts, one has issued a sell rating, while six analysts support a buy rating for the stock. Currently, data from MarketBeat indicates that Spectris has an overall rating of "Moderate Buy" and an average price target of GBX 4,707.50 ($58.15).

Stock Performance Overview

The stock's 50-day moving average stands at GBX 2,535.95, while its 200-day moving average is at GBX 2,701.42. Spectris has a market capitalization of £2.92 billion and a price-to-earnings (P/E) ratio of 1,102.66. Additionally, the company shows a PEG ratio of 2.74 and a beta of 0.61, indicating lower volatility compared to the market. Its debt-to-equity ratio is 4.37, with a quick ratio of 1.03 and a current ratio of 2.36.

Recent Insider Activity

In related activities, insider Andrew Heath purchased 2,406 shares of Spectris on November 14th at an average price of GBX 2,480 ($30.63), totaling £59,668.80 ($73,701.58). Similarly, insider Alison Henwood bought 19 shares on November 12th for GBX 2,599 ($32.10), amounting to £493.81 ($609.94). Over the past ninety days, company insiders have bought 14,553 shares valued at $36,045,861, with insiders controlling 1.21% of Spectris's stock.

About Spectris

Spectris is a global leader specializing in precision measurement and insights. The company focuses on delivering value that extends beyond mere measurement. Precision lies at the core of its mission, providing customers with high-tech instruments, testing equipment, and advanced software. By integrating hardware with analytical tools and simulation software, Spectris empowers clients with essential data and insights that enhance their efficiency, accelerate time-to-market, and improve process quality.

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