Smiths Group (LON:SMIN) Trading 10.8% Higher – Here’s What Happened

Smiths Group plc (LON:SMIN) shares rose 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). Approximately 5,864,697 shares changed hands during trading, an increase of 75% from the average daily volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($22.91).

Smiths Group Stock Up 10.8 %

The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29. The business has a 50 day simple moving average of GBX 1,775.44 and a 200 day simple moving average of GBX 1,728.43. The stock has a market cap of £7.09 billion, a PE ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66.

Insider Activity

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

About Smiths Group

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.