Spirent Communications (OTCMKTS:SPMYY) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Spirent Communications (OTCMKTS:SPMYY) from a hold rating to a sell rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “SPIRENT PLC-ADR is an international network technology company providing state-of-the-art systems and solutions for a broad range of customers worldwide. Their Communications group is a worldwide provider of integrated performance analysis and service assurance systems for next-generation network technologies. Spirent’s solutions accelerate the development and deployment of network equipment and services by emulating real-world conditions and assuring end-to-end performance of large-scale networks. “

Spirent Communications stock traded up $0.39 during mid-day trading on Wednesday, reaching $10.54. The stock had a trading volume of 800 shares, compared to its average volume of 98. The stock’s 50-day simple moving average is $10.13 and its 200-day simple moving average is $8.78. Spirent Communications has a fifty-two week low of $5.82 and a fifty-two week high of $10.54. The firm has a market capitalization of $1.61 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 3.70 and a beta of 0.73.

Spirent Communications Company Profile

Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through three segments: Networks & Security, Lifecycle Service Assurance, and Connected Devices. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.

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