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

Zacks Investment Research lowered shares of Spirax-Sarco Engineering (OTCMKTS:SPXSF) from a hold rating to a sell rating in a research note released on Thursday, 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. “

Shares of SPXSF stock remained flat at $$110.54 on Thursday. The stock had a trading volume of 45 shares, compared to its average volume of 28. Spirax-Sarco Engineering has a twelve month low of $74.80 and a twelve month high of $115.40. The company has a 50-day simple moving average of $113.08.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilising, 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; 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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