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

Smiths Group plc (LON:SMIN) was up 10.8% during mid-day trading on Friday . The stock 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 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 Price Performance

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 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. The company’s 50 day moving average price is GBX 1,767.96 and its 200-day moving average price is GBX 1,725.95.

Insider Activity at Smiths Group

In other Smiths Group news, insider Mark Seligman purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 currently 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.