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

Smiths Group plc (LON:SMIN) shares rose 10.8% during trading on Saturday . The company traded as high as GBX 2,188 ($27.12) and last traded at GBX 2,066 ($25.60). Approximately 5,864,697 shares were traded during trading, an increase of 75% from the average daily volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.11).

Smiths Group Trading Up 10.8 %

The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29. The firm’s fifty day moving average is GBX 1,775.44 and its two-hundred day moving average is GBX 1,728.50. The firm has a market capitalization of £7.09 billion, a PE ratio of 2,869.44, a PEG ratio of 0.35 and a beta of 0.66.

Insider Buying and Selling at Smiths Group

In related news, insider Mark Seligman purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average cost of GBX 1,726 ($21.39) per share, with a total value of £69,040 ($85,562.03). 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.