Smiths Group (LON:SMIN) Trading 10.8% Higher – Time to Buy?

Smiths Group plc (LON:SMIN)’s share price shot up 10.8% on Saturday . The company traded as high as GBX 2,188 ($26.88) and last traded at GBX 2,066 ($25.38). 5,864,697 shares traded hands during trading, an increase of 75% from the average session volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($22.91).

Smiths Group Stock Performance

The stock’s fifty day moving average price is GBX 1,775.44 and its two-hundred 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 company has a market cap of £7.09 billion, a P/E ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66.

Insider Buying and Selling

In related news, insider Mark Seligman acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 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.