Spirax-Sarco Engineering (LON:SPX) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Spirax-Sarco Engineering plc (LON:SPXGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 7,368.36 ($91.67) and traded as high as GBX 8,050 ($100.15). Spirax-Sarco Engineering shares last traded at GBX 7,980 ($99.28), with a volume of 26,109,537 shares traded.

Spirax-Sarco Engineering Stock Down 0.7 %

The firm has a market capitalization of £5.84 billion, a PE ratio of 3,048.08, a PEG ratio of 2.20 and a beta of 0.68. The company has a fifty day simple moving average of GBX 7,132.16 and a two-hundred day simple moving average of GBX 7,368.36. The company has a debt-to-equity ratio of 98.81, a quick ratio of 1.73 and a current ratio of 2.26.

Spirax-Sarco Engineering Company Profile

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Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.

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