Spirent Communications (LON:SPT) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Spirent Communications plc (LON:SPT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 174.79 ($2.17) and traded as high as GBX 185.10 ($2.30). Spirent Communications shares last traded at GBX 185 ($2.30), with a volume of 2,132,024 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.48) price target on shares of Spirent Communications in a report on Monday, December 2nd. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 199 ($2.48) price objective on shares of Spirent Communications in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 225 ($2.80) price objective on shares of Spirent Communications in a report on Friday, November 22nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 236.80 ($2.95).

Spirent Communications Price Performance

The stock has a market capitalization of £1.06 billion, a price-to-earnings ratio of 9,240.00, a PEG ratio of 5.73 and a beta of 0.57. The business’s fifty day moving average price is GBX 177.33 and its 200-day moving average price is GBX 174.79. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.82 and a quick ratio of 1.95.

Spirent Communications Company Profile

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.