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

Smiths Group plc (LON:SMIN)’s share price was up 10.8% during trading on Friday . The company traded as high as GBX 2,188 ($27.17) and last traded at GBX 2,066 ($25.66). Approximately 5,864,697 shares traded hands during mid-day trading, an increase of 75% from the average daily volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.16).

Smiths Group Stock Up 10.8 %

The firm’s 50-day simple moving average is GBX 1,767.96 and its 200 day simple moving average is GBX 1,725.95. 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 company has a market capitalization of £7.09 billion, a PE ratio of 2,869.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

Insiders Place Their Bets

In related news, insider Mark Seligman acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average cost of GBX 1,726 ($21.44) per share, for a total transaction of £69,040 ($85,742.67). 0.61% of the stock is currently owned by company 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.