Smiths Group (LON:SMIN) Shares Up 10.8% – Here’s What Happened

Smiths Group plc (LON:SMIN)’s share price was up 10.8% during mid-day 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 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 market capitalization of £7.09 billion, a P/E ratio of 2,869.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. 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 firm’s fifty day moving average is GBX 1,775.44 and its 200-day moving average is GBX 1,728.43.

Insider Activity at Smiths Group

In related news, insider Mark Seligman purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 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.