UBS Group Upgrades Spirax Group (OTCMKTS:SPXSY) to Strong-Buy

Spirax Group (OTCMKTS:SPXSY) was upgraded by equities research analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Cfra Research upgraded shares of Spirax Group to a “moderate buy” rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Spirax Group currently has a consensus rating of “Buy”.

Spirax Group Trading Up 1.0%

Shares of SPXSY stock opened at $47.68 on Tuesday. Spirax Group has a 52-week low of $34.93 and a 52-week high of $51.38. The business has a 50-day simple moving average of $47.39 and a 200-day simple moving average of $43.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.77 and a quick ratio of 1.31.

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.