Smiths Group (LON:SMIN) Shares Up 10.8% – Here’s What Happened

Smiths Group plc (LON:SMIN)’s share price shot up 10.8% on Saturday . The company traded as high as GBX 2,188 ($27.12) and last traded at GBX 2,066 ($25.60). 5,864,697 shares traded hands during mid-day trading, an increase of 75% from the average session 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 capitalization of £7.09 billion, a price-to-earnings ratio of 2,869.44, a PEG ratio of 0.35 and a beta of 0.66. The firm has a 50-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 acquired 4,000 shares of Smiths Group stock in a transaction on Wednesday, November 13th. The stock was purchased 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 owned by 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.