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

Smiths Group plc (LON:SMIN) shares rose 10.8% during 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 traded hands during mid-day 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 Price Performance

The company has a market capitalization of £7.09 billion, a price-to-earnings ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66. The stock has a fifty day simple moving average of GBX 1,775.44 and a 200-day simple moving average of GBX 1,728.43. 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 Buying and Selling at Smiths Group

In related news, insider Mark Seligman bought 4,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average price 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.

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.