IMI (LON:IMI) Hits New 52-Week High – Here’s Why

IMI plc (LON:IMI) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 2,018 ($25.38) and last traded at GBX 2,016 ($25.36), with a volume of 2029916 shares. The stock had previously closed at GBX 1,892 ($23.80).

IMI Trading Up 5.5 %

The company has a 50 day moving average of GBX 1,900.49 and a 200-day moving average of GBX 1,828.51. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The stock has a market cap of £5.06 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI) last posted its earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.54) earnings per share (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, research analysts anticipate that IMI plc will post 137.9737609 earnings per share for the current year.

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.