Smiths Group (LON:SMIN) Shares Cross Above 200-Day Moving Average – What’s Next?

Smiths Group plc (LON:SMIN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,724.72 ($21.37) and traded as high as GBX 1,874 ($23.22). Smiths Group shares last traded at GBX 1,867.43 ($23.14), with a volume of 522,918 shares trading hands.

Smiths Group Trading Up 10.8 %

The stock has a market cap of £7.09 billion, a PE ratio of 2,869.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The company’s 50-day moving average price is GBX 1,775.44 and its 200 day moving average price is GBX 1,728.50. The company has a debt-to-equity ratio of 29.84, a quick ratio of 1.29 and a current ratio of 2.07.

Insider Activity

In other 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). Corporate insiders own 0.61% of the company’s stock.

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.