Smiths Group (LON:SMIN) Shares Up 10.8% – Should You Buy?

Smiths Group plc (LON:SMIN) shot up 10.8% during mid-day trading on Saturday . The company traded as high as GBX 2,188 ($26.88) and last traded at GBX 2,066 ($25.38). 5,864,697 shares were traded during 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 Trading Up 10.8 %

The business’s 50 day moving average price is GBX 1,775.44 and its 200-day moving average price is GBX 1,728.43. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.84. The company has a market cap of £7.09 billion, a price-to-earnings ratio of 2,869.44, a PEG ratio of 0.35 and a beta of 0.66.

Insider Transactions at Smiths Group

In other Smiths Group news, insider Mark Seligman acquired 4,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average price 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 corporate 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.