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

Smiths Group plc (LON:SMIN)’s share price traded up 10.8% during trading 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 changed 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 Performance

The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29. The company has a fifty day moving average price of GBX 1,767.96 and a 200 day moving average price of GBX 1,725.95. The stock has a market cap of £7.09 billion, a P/E ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66.

Insider Activity at Smiths Group

In related news, insider Mark Seligman bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of GBX 1,726 ($21.39) per share, with a total value of £69,040 ($85,562.03). 0.61% of the stock is currently owned by insiders.

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.