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

Smiths Group plc (LON:SMIN)’s share price rose 10.8% 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 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 Price Performance

The stock has a fifty 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 PE ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.84.

Insider Buying and Selling

In other news, insider Mark Seligman acquired 4,000 shares of Smiths Group stock in a transaction on Wednesday, November 13th. The stock was bought 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 owned by company 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.