Smiths Group (LON:SMIN) Trading Up 10.8% – What’s Next?

Smiths Group plc (LON:SMIN)’s stock price rose 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). 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 Stock Performance

The company’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 debt-to-equity ratio of 29.84, a quick ratio of 1.29 and a current ratio of 2.07. The stock has a market capitalization of £7.09 billion, a PE ratio of 2,869.44, a PEG ratio of 0.35 and a beta of 0.66.

Insider Activity at Smiths Group

In other Smiths Group news, insider Mark Seligman purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was bought 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 currently 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.