Spirax Group (OTCMKTS:SPXSY) Trading Up 0.5% – Time to Buy?

Spirax Group PLC (OTCMKTS:SPXSY) shares were up 0.5% during mid-day trading on Monday . The stock traded as high as $47.24 and last traded at $46.91. Approximately 1,650 shares changed hands during trading, a decline of 57% from the average daily volume of 3,881 shares. The stock had previously closed at $46.69.

Analyst Ratings Changes

Separately, Cfra Research upgraded shares of Spirax Group to a “moderate buy” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Spirax Group Trading Up 0.5%

The company’s 50 day moving average price is $47.43 and its two-hundred day moving average price is $43.20. The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 0.62.

Spirax Group Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.