Smiths Group (LON:SMIN) Shares Pass Above 200-Day Moving Average – Here’s Why

Smiths Group plc (LON:SMIN)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,753.72 ($22.12) and traded as high as GBX 2,122 ($26.77). Smiths Group shares last traded at GBX 2,107.56 ($26.59), with a volume of 988,650 shares traded.

Smiths Group Price Performance

The company’s 50-day moving average price is GBX 1,842.06 and its 200-day moving average price is GBX 1,753.72. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.55. The firm has a market cap of £7.17 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 0.35 and a beta of 0.66.

Insiders Place Their Bets

In related news, insider Richard Howes purchased 87 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were bought at an average price of GBX 2,030 ($25.61) per share, for a total transaction of £1,766.10 ($2,227.96). 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.