Smiths Group (LON:SMIN) Stock Price Up 10.8% – Should You Buy?

Smiths Group plc (LON:SMIN)’s share price rose 10.8% 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 changed 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 ($23.16).

Smiths Group Trading Up 10.8 %

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’s fifty day moving average price is GBX 1,767.96 and its two-hundred day moving average price is GBX 1,725.95. 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.

Insider Buying and Selling

In other Smiths Group news, insider Mark Seligman bought 4,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average price of GBX 1,726 ($21.44) per share, with a total value of £69,040 ($85,742.67). 0.61% of the stock is 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.