Spirax-Sarco Engineering (OTCMKTS:SPXSF) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Spirax-Sarco Engineering (OTCMKTS:SPXSF – Get Rating) from a sell rating to a hold rating in a research note released on Wednesday, Zacks.com reports.

According to Zacks, “Spirax-Sarco Engineering plc is a multi-national engineering group. The company’s business segment consists of Spirax Sarco for steam specialties and Watson-Marlow for niche peristaltic pumps and associated fluid path technologies. Spirax-Sarco Engineering plc is headquartered in Cheltenham, the United Kingdom. “

OTCMKTS SPXSF opened at $130.77 on Wednesday. Spirax-Sarco Engineering has a 1-year low of $130.00 and a 1-year high of $231.00. The company has a quick ratio of 1.58, a current ratio of 2.11 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $155.59 and its 200-day simple moving average is $181.93.

Spirax-Sarco Engineering Company Profile (Get Rating)

Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.

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