Smiths Group (LON:SMIN) Hits New 52-Week High – Time to Buy?

Smiths Group plc (LON:SMIN) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 1,867.33 ($22.72) and last traded at GBX 1,862 ($22.65), with a volume of 1243139 shares changing hands. The stock had previously closed at GBX 1,765 ($21.47).

Smiths Group Stock Performance

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 stock has a market cap of £6.39 billion, a PE ratio of 2,586.11, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The firm has a fifty day moving average price of GBX 1,712.74 and a 200 day moving average price of GBX 1,715.36.

Insider Buying and Selling at Smiths Group

In other news, insider Karin Hoeing purchased 370 shares of the stock in a transaction on Friday, November 1st. The stock was bought at an average price of GBX 1,530 ($18.62) per share, with a total value of £5,661 ($6,887.70). Also, insider Mark Seligman acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average cost of GBX 1,726 ($21.00) per share, for a total transaction of £69,040 ($84,000.49). 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.