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.
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.
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