IMI (LON:IMI) Hits New 52-Week High – Time to Buy?

IMI plc (LON:IMI) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 2,000.01 ($24.79) and last traded at GBX 1,994 ($24.71), with a volume of 239482 shares. The stock had previously closed at GBX 1,962 ($24.32).

IMI Trading Up 0.8 %

The firm has a fifty day moving average of GBX 1,851.92 and a two-hundred day moving average of GBX 1,810.35. The company has a market cap of £5.17 billion, a PE ratio of 2,074.23, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

Insider Transactions at IMI

In related news, insider Jackie Callaway purchased 857 shares of IMI stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of GBX 1,750 ($21.69) per share, for a total transaction of £14,997.50 ($18,586.57). Also, insider Anne Thorburn acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of GBX 1,740 ($21.56) per share, for a total transaction of £87,000 ($107,820.05). Insiders acquired 5,878 shares of company stock worth $10,237,809 over the last quarter. Corporate insiders own 1.52% of the company’s stock.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.