Spirent Communications (LON:SPT) Stock Crosses Above 200-Day Moving Average of $134.17

Spirent Communications plc (LON:SPT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 134.17 ($1.69) and traded as high as GBX 194 ($2.44). Spirent Communications shares last traded at GBX 191.60 ($2.41), with a volume of 650,937 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on SPT shares. Numis Securities increased their price objective on Spirent Communications from GBX 155 ($1.95) to GBX 240 ($3.01) and gave the company a “buy” rating in a research note on Friday, March 8th. Canaccord Genuity Group increased their price objective on Spirent Communications from GBX 172.50 ($2.17) to GBX 199 ($2.50) and gave the company a “hold” rating in a research note on Wednesday, April 10th.

Spirent Communications Stock Up 1.0 %

The firm has a market capitalization of £1.11 billion, a price-to-earnings ratio of 6,450.00, a P/E/G ratio of 5.73 and a beta of 0.53. The business has a 50 day simple moving average of GBX 178.65 and a 200-day simple moving average of GBX 135.25. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.95 and a current ratio of 1.93.

Insiders Place Their Bets

In other news, insider Paula Bell sold 26,889 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of GBX 176 ($2.21), for a total transaction of £47,324.64 ($59,445.60). Corporate 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.