Smiths Group (LON:SMIN) Stock Price Up 10.8% – Here’s Why

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

Smiths Group Price 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 firm has a market capitalization of £7.09 billion, a PE ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66. The stock has a fifty day moving average price of GBX 1,767.96 and a 200-day moving average price of GBX 1,725.95.

Insiders Place Their Bets

In other news, insider Mark Seligman purchased 4,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost 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 corporate 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.