The Group, who specialises in banknote authentication technology has enjoyed significant growth this year.
Companies: Spectra Systems Corporation
Spectra Systems (LON: SPSY) has seen its shares spike over 25% in early trading this morning, after a trading results update briefly outlined the Group's "strong" trading for the year-to-date.
"Unexpectedly" high sales of the Company's phosphour products, along with a full year of higher margin in-house manufacturing have combined to produce a positive outlook for the full interim results to be released early September.
The Board said they now expect the Company to "significantly exceed market expectations for PBTA and cash flow for the full year ending 31 December 2017."
Shares in Spectra Systems have risen over 200% in 2017 so far, with this news only set to bolster the Group's already noteworthy share price growth.
The Group currently trades at a 15.1x PE ratio, slightly above the industry average of 14.4x. SPSY's operating margin was 10% in 2016 after operating at a loss the year before, which gave shareholders material EPS growth in 2016, with consensus showing EPS growth expected to be around 140% in 2017.
