Smiths Group (LON:SMIN) Shares Up 10.8% – Time to Buy?

Smiths Group plc (LON:SMIN)’s share price rose 10.8% during trading on Saturday . The stock traded as high as GBX 2,188 ($27.13) and last traded at GBX 2,066 ($25.62). Approximately 5,864,697 shares were traded 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 ($23.12).

Smiths Group Stock Up 10.8 %

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. 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 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.

Insider Activity at Smiths Group

In related news, insider Mark Seligman acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of GBX 1,726 ($21.40) per share, for a total transaction of £69,040 ($85,604.46). 0.61% of the stock is owned by company 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.