Smiths Group (LON:SMIN) Shares Up 10.8% – Time to Buy?

Smiths Group plc (LON:SMIN)’s share price was up 10.8% during trading on Friday . The company traded as high as GBX 2,188 ($27.17) and last traded at GBX 2,066 ($25.66). Approximately 5,864,697 shares traded hands 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 ($23.16).

Smiths Group Trading Up 10.8 %

The firm has a fifty day moving average price of GBX 1,767.96 and a 200-day moving average price of GBX 1,725.95. The company has a debt-to-equity ratio of 29.84, a quick ratio of 1.29 and a current ratio of 2.07. The company has a market capitalization of £7.09 billion, a price-to-earnings ratio of 2,869.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

Insider Buying and Selling

In related news, insider Mark Seligman acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average price of GBX 1,726 ($21.44) per share, with a total value of £69,040 ($85,742.67). 0.61% of the stock is currently 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.