Smiths Group (LON:SMIN) Trading 11.4% Higher – Here’s Why

Smiths Group plc (LON:SMIN)’s stock price rose 11.4% on Friday . The company traded as high as GBX 2,188 ($27.13) and last traded at GBX 2,078 ($25.77). Approximately 501,270,688 shares traded hands during trading, an increase of 1,838% from the average daily volume of 25,864,723 shares. The stock had previously closed at GBX 1,865 ($23.12).

Smiths Group Trading Up 10.8 %

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 firm’s 50 day moving average is GBX 1,775.44 and its two-hundred day moving average is GBX 1,728.50. 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.

Insider Buying and Selling

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 ($21.40) per share, with a total value of £69,040 ($85,604.46). Company insiders own 0.61% of the company’s stock.

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.