Spirax-Sarco Engineering (OTCMKTS:SPXSY) Upgraded by Hsbc Global Res to Strong-Buy Rating

Spirax-Sarco Engineering (OTCMKTS:SPXSY) was upgraded by research analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Barclays raised shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th.

Spirax-Sarco Engineering Trading Down 1.9 %

Shares of OTCMKTS:SPXSY opened at $45.18 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61. Spirax-Sarco Engineering has a 1-year low of $39.28 and a 1-year high of $67.22. The business’s 50 day moving average is $46.38 and its 200-day moving average is $46.13.

Spirax-Sarco Engineering 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.