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

Smiths Group plc (LON:SMIN)’s share price was up 10.8% during 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 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 Stock Up 10.8 %

The stock 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 business has a fifty day moving average of GBX 1,767.96 and a 200 day moving average of GBX 1,725.95. The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29.

Insider Activity

In related news, insider Mark Seligman purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of GBX 1,726 ($21.39) per share, for a total transaction of £69,040 ($85,562.03). 0.61% of the stock is currently owned by 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.