Smiths Group (LON:SMIN) Shares Up 10.8% – Should You Buy?

Smiths Group plc (LON:SMIN)’s share price rose 10.8% during mid-day trading on Saturday . The company traded as high as GBX 2,188 ($27.12) and last traded at GBX 2,066 ($25.60). Approximately 5,864,697 shares were traded 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 ($23.11).

Smiths Group Price Performance

The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.84. The stock has a market capitalization 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 business’s 50 day simple moving average is GBX 1,767.96 and its 200-day simple moving average is GBX 1,725.95.

Insider Buying and Selling

In other Smiths Group news, insider Mark Seligman bought 4,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of GBX 1,726 ($21.39) per share, with a total value of £69,040 ($85,562.03). 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.