Spirax Group (OTCMKTS:SPXSY) Sees Strong Trading Volume – Here’s Why

Spirax Group PLC (OTCMKTS:SPXSY) shares saw unusually-high trading volume on Wednesday . Approximately 3,162 shares traded hands during trading, an increase of 44% from the previous session’s volume of 2,200 shares.The stock last traded at $47.55 and had previously closed at $48.06.

Wall Street Analysts Forecast Growth

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

Spirax Group Price Performance

The company has a quick ratio of 1.31, a current ratio of 1.77 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average of $45.82 and a 200 day moving average of $45.73.

Spirax Group Company Profile

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.