Spirax Group (OTCMKTS:SPXSY) Shares Up 2.3% – Here’s Why

Spirax Group PLC (OTCMKTS:SPXSY)’s stock price was up 2.3% during mid-day trading on Wednesday . The stock traded as high as $45.1099 and last traded at $45.00. Approximately 4,739 shares traded hands during trading, a decline of 71% from the average daily volume of 16,359 shares. The stock had previously closed at $44.00.

Analysts Set New Price Targets

SPXSY has been the subject of several recent analyst reports. UBS Group raised Spirax Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Cfra Research upgraded Spirax Group to a “moderate buy” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Spirax Group Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.77 and a quick ratio of 1.31. The business has a 50 day moving average price of $46.05 and a 200 day moving average price of $44.28.

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.