Spirax Group (OTCMKTS:SPXSY) Sees Unusually-High Trading Volume – Here’s Why

by · The Markets Daily

Spirax Group PLC (OTCMKTS:SPXSY – Get Free Report) saw an uptick in trading volume on Tuesday . 10,936 shares traded hands during mid-day trading, an increase of 288% from the previous session’s volume of 2,822 shares.The stock last traded at $50.73 and had previously closed at $49.33.

Analyst Ratings Changes

Separately, UBS Group upgraded Spirax Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Get Our Latest Report on SPXSY

Spirax Group Trading Down 1.3%

The stock has a 50 day moving average price of $46.41 and a 200-day moving average price of $46.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.77.

About Spirax Group

(Get Free Report)

Spirax Group is a UK-based engineering company specializing in steam and thermal energy solutions. Founded in 1888 and headquartered in Cheltenham, England, the group combines product design, system integration and aftermarket services to help industrial customers improve efficiency, safety and environmental performance.

The company’s core offerings include steam traps, control valves, heat exchangers, pumps, burners and packaged boiler house solutions. In addition to equipment supply, Spirax Group provides commissioning, maintenance, troubleshooting and training services that support continuous operation and energy management across complex steam and thermal systems.

Spirax Group operates through two principal business segments: Steam Specialties, which focuses on pressure and temperature control, and Electrical & Mechanical, which provides pumps, heat exchangers and associated services.

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