Smiths Group (LON:SMIN) Shares Up 10.8% – Here’s What Happened

Smiths Group plc (LON:SMIN)’s stock price traded up 10.8% during trading on Saturday . The stock traded as high as GBX 2,188 ($26.88) and last traded at GBX 2,066 ($25.38). 5,864,697 shares changed hands during mid-day trading, an increase of 75% from the average session volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($22.91).

Smiths Group Price Performance

The business’s 50-day simple moving average is GBX 1,775.44 and its two-hundred day simple moving average is GBX 1,728.43. The stock has a market cap of £7.09 billion, a price-to-earnings ratio of 2,869.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29.

Insider Activity at Smiths Group

In related news, insider Mark Seligman bought 4,000 shares of Smiths Group stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of GBX 1,726 ($21.21) per share, for a total transaction of £69,040 ($84,826.15). 0.61% of the stock is currently owned by company insiders.

Smiths Group Company Profile

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.