Smiths Group (LON:SMIN) Shares Up 10.8% – Here’s What Happened

Smiths Group plc (LON:SMIN) rose 10.8% during mid-day trading on Saturday . The stock traded as high as GBX 2,188 ($27.13) and last traded at GBX 2,066 ($25.62). Approximately 5,864,697 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.12).

Smiths Group Price Performance

The company has a market cap of £7.09 billion, a price-to-earnings ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66. 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 business has a 50-day moving average price of GBX 1,775.44 and a 200 day moving average price of GBX 1,728.50.

Insider Activity

In other news, insider Mark Seligman bought 4,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of GBX 1,726 ($21.40) per share, with a total value of £69,040 ($85,604.46). 0.61% of the stock is currently owned by company insiders.

About Smiths Group

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.