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

Smiths Group plc (LON:SMIN)’s share price rose 10.8% 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 traded 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 ($23.11).

Smiths Group Price Performance

The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29. The stock has a market cap 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. The business’s 50-day simple moving average is GBX 1,775.44 and its two-hundred day simple moving average is GBX 1,728.50.

Insider Buying and Selling at Smiths Group

In other Smiths Group news, insider Mark Seligman purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were bought at an average price of GBX 1,726 ($21.39) per share, for a total transaction of £69,040 ($85,562.03). Company insiders own 0.61% of the company’s stock.

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.