IMI (LON:IMI) Stock Passes Above 200-Day Moving Average – Should You Sell?

IMI plc (LON:IMI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,819.87 ($22.90) and traded as high as GBX 1,956 ($24.61). IMI shares last traded at GBX 1,921 ($24.17), with a volume of 299,672 shares trading hands.

IMI Stock Up 0.5 %

The stock has a market capitalization of £4.89 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The firm has a 50-day moving average of GBX 1,890.30 and a 200 day moving average of GBX 1,819.87. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

Insider Transactions at IMI

In other IMI news, insider Jackie Callaway bought 857 shares of the stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of GBX 1,750 ($22.02) per share, for a total transaction of £14,997.50 ($18,871.90). Over the last three months, insiders have bought 879 shares of company stock valued at $1,541,032. Corporate insiders own 1.52% of the company’s stock.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.