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

Shares of Smiths Group plc (LON:SMIN) shot up 10.8% during mid-day trading 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 changed 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 Trading Up 10.8 %

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’s 50 day moving average is GBX 1,775.44 and its 200 day moving average is GBX 1,728.43. The stock has a market capitalization of £7.09 billion, a price-to-earnings ratio of 2,869.44, a PEG ratio of 0.35 and a beta of 0.66.

Insider Activity

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.

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.