Spirent Communications (LON:SPT) Reaches New 1-Year High at $310.60

Spirent Communications plc (LON:SPT)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 310.60 ($4.06) and last traded at GBX 297.40 ($3.89), with a volume of 14798 shares changing hands. The stock had previously closed at GBX 296.60 ($3.88).

SPT has been the subject of a number of research analyst reports. Numis Securities restated a “buy” rating and set a GBX 310 ($4.05) price objective on shares of Spirent Communications in a research report on Wednesday, June 16th. Berenberg Bank raised their price objective on Spirent Communications from GBX 310 ($4.05) to GBX 430 ($5.62) and gave the company a “buy” rating in a research report on Wednesday, August 25th.

The stock has a market cap of £1.79 billion and a PE ratio of 29.94. The company has a debt-to-equity ratio of 6.50, a current ratio of 1.97 and a quick ratio of 1.80. The stock has a 50-day moving average price of GBX 283.89 and a two-hundred day moving average price of GBX 429.07.

The firm also recently announced a dividend, which was paid on Friday, September 17th. Shareholders of record on Thursday, August 12th were given a dividend of GBX 1.72 ($0.02) per share. The ex-dividend date was Thursday, August 12th. This represents a dividend yield of 0.67%. Spirent Communications’s dividend payout ratio (DPR) is presently 40.82%.

In other Spirent Communications news, insider Paula Bell sold 140,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 11th. The stock was sold at an average price of GBX 290 ($3.79), for a total transaction of £406,000 ($530,441.60).

About Spirent Communications (LON:SPT)

Spirent Communications plc provides test, assurance, and analytics solutions for devices and networks in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It operates through Networks & Security and Lifecycle Service Assurance segments. The Networks & Security segment provides high-speed Ethernet/IP performance testing for the development and validation of new equipment, networks, and applications for cloud and mobile; consulting services, test tools, methodologies, and security validation solutions; global navigation satellite system (GNSS) simulation products; and positioning, navigation and timing (PNT) solutions, as well as develops test methodologies, tools, and services for virtualized networks and cloud.

Read More: What is a growth and income fund?

Receive News & Ratings for Spirent Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirent Communications and related companies with MarketBeat.com's FREE daily email newsletter.