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

Smiths Group plc (LON:SMIN) traded up 10.8% during mid-day trading on Friday . The stock traded as high as GBX 2,188 ($27.12) and last traded at GBX 2,066 ($25.60). 5,864,697 shares changed hands during mid-day trading, an increase of 75% from the average session volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.11).

Smiths Group Price Performance

The stock has a 50 day moving average of GBX 1,767.96 and a 200-day moving average of GBX 1,725.95. 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 PE ratio of 2,869.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

Insider Transactions at Smiths Group

In other Smiths Group news, insider Mark Seligman purchased 4,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of GBX 1,726 ($21.39) per share, with a total value of £69,040 ($85,562.03). Company insiders own 0.61% of the company’s stock.

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.