Spirent Communications (LON:SPT) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Spirent Communications plc (LON:SPT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 183.59 ($2.49) and traded as high as GBX 193 ($2.62). Spirent Communications shares last traded at GBX 191.85 ($2.60), with a volume of 3,358,131 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 199 ($2.70) target price on shares of Spirent Communications in a research note on Wednesday, May 7th.

Spirent Communications Stock Performance

The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25. The business has a 50 day moving average price of GBX 186.56 and a 200 day moving average price of GBX 183.59. The stock has a market cap of £1.38 billion, a P/E ratio of 103.71, a PEG ratio of 5.73 and a beta of 0.57.

Insider Buying and Selling

In related news, insider Paula Bell sold 131,650 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 188 ($2.55), for a total value of £247,502 ($335,823.61). 3.34% of the stock is owned by corporate insiders.

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.