Smiths Group (LON:SMIN) Trading Up 10.8% – What’s Next?

Smiths Group plc (LON:SMIN) traded up 10.8% during trading on Friday . The stock traded as high as GBX 2,188 ($27.13) and last traded at GBX 2,066 ($25.62). 5,864,697 shares changed hands during trading, an increase of 75% from the average session volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.12).

Smiths Group Price Performance

The business has a fifty day moving average of GBX 1,775.44 and a two-hundred day moving average of GBX 1,728.43. The company has a debt-to-equity ratio of 29.84, a quick ratio of 1.29 and a current ratio of 2.07. The firm has a market capitalization 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 Transactions at Smiths Group

In other news, insider Mark Seligman bought 4,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of GBX 1,726 ($21.40) per share, with a total value of £69,040 ($85,604.46). 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.