Spirent Communications (LON:SPT) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Spirent Communications plc (LON:SPT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 179.01 ($2.39) and traded as high as GBX 182.40 ($2.43). Spirent Communications shares last traded at GBX 182.40 ($2.43), with a volume of 1,165,292 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.65) price objective on shares of Spirent Communications in a research note on Tuesday, April 1st.

Spirent Communications Trading Up 1.1 %

The company’s 50-day moving average price is GBX 184.42 and its 200-day moving average price is GBX 179.01. The firm has a market capitalization of £1.31 billion, a PE ratio of 98.60, a PEG ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82.

Insider Activity

In other news, insider Eric Updyke sold 55,054 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.51), for a total transaction of £103,501.52 ($138,057.25). Also, insider Paula Bell sold 131,650 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 188 ($2.51), for a total value of £247,502 ($330,134.72). Company insiders own 3.34% of the company’s stock.

About Spirent Communications

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.