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

Smiths Group plc (LON:SMIN)’s stock price was up 10.8% during mid-day trading on Saturday . The company traded as high as GBX 2,188 ($27.12) and last traded at GBX 2,066 ($25.60). Approximately 5,864,697 shares traded hands during trading, an increase of 75% from the average daily volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.11).

Smiths Group Stock Up 10.8 %

The firm has a 50 day simple moving average of GBX 1,775.44 and a two-hundred day simple moving average of GBX 1,728.50. 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 stock has a market capitalization of £7.09 billion, a P/E ratio of 2,869.44, a PEG ratio of 0.35 and a beta of 0.66.

Insiders Place Their Bets

In other Smiths Group news, insider Mark Seligman bought 4,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was purchased 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.