Spirent Communications (LON:SPT) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Spirent Communications plc (LON:SPT)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 176.03 ($2.21) and traded as high as GBX 179 ($2.25). Spirent Communications shares last traded at GBX 176.50 ($2.22), with a volume of 1,499,660 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 199 ($2.50) price target on shares of Spirent Communications in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 225 ($2.83) target price on shares of Spirent Communications in a research note on Friday, November 22nd. JPMorgan Chase & Co. cut their price objective on Spirent Communications from GBX 344 ($4.32) to GBX 321 ($4.03) and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 199 ($2.50) target price on shares of Spirent Communications in a report on Monday, December 2nd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Spirent Communications currently has an average rating of “Buy” and an average price target of GBX 236.80 ($2.98).

Spirent Communications Price Performance

The firm has a 50 day moving average price of GBX 173.53 and a 200 day moving average price of GBX 176.03. The stock has a market capitalization of £1.01 billion, a PE ratio of 8,825.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.26.

About Spirent Communications

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.