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

Smiths Group plc (LON:SMIN)’s stock price was up 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 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 company has a market capitalization 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.

Insiders Place Their Bets

In related news, insider Mark Seligman acquired 4,000 shares of Smiths Group stock in a transaction dated 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 owned by 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.