Smiths Group (LON:SMIN) Trading 10.8% Higher – Here’s What Happened

Smiths Group plc (LON:SMIN)’s share price rose 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 changed 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 firm’s 50 day moving average price is GBX 1,775.44 and its 200-day moving average price is GBX 1,728.43. The firm has a market cap 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 company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29.

Insider Transactions at Smiths Group

In other Smiths Group news, insider Mark Seligman purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of GBX 1,726 ($21.21) per share, for a total transaction of £69,040 ($84,826.15). 0.61% of the stock is currently 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.