Smiths Group (LON:SMIN) Stock Passes Above 200 Day Moving Average – Here’s Why

Smiths Group plc (LON:SMIN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,800.52 ($23.27) and traded as high as GBX 2,004 ($25.89). Smiths Group shares last traded at GBX 1,997 ($25.80), with a volume of 873,870 shares traded.

Smiths Group Price Performance

The company has a market capitalization of £6.80 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.55. The firm’s 50 day simple moving average is GBX 1,979.67 and its 200 day simple moving average is GBX 1,800.52.

Insiders Place Their Bets

In related news, insider Richard Howes purchased 87 shares of Smiths Group stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of GBX 2,030 ($26.23) per share, with a total value of £1,766.10 ($2,282.08). 0.61% of the stock is owned by 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.