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

Smiths Group plc (LON:SMIN)’s share price traded up 10.8% on Saturday . The company traded as high as GBX 2,188 ($27.12) and last traded at GBX 2,066 ($25.60). 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 ($23.11).

Smiths Group Trading Up 10.8 %

The business’s fifty day simple moving average is GBX 1,775.44 and its two-hundred day simple moving average is GBX 1,728.50. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.84. The stock has a market capitalization 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 Activity at Smiths Group

In related news, insider Mark Seligman bought 4,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was acquired 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 currently owned by corporate 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.