Smiths Group (LON:SMIN) Trading 10.8% Higher – Still a Buy?

Shares of Smiths Group plc (LON:SMIN) shot up 10.8% during trading on Saturday . The stock 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 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 Trading Up 10.8 %

The company has a market cap of £7.09 billion, a price-to-earnings ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.84. The firm’s 50-day moving average price is GBX 1,775.44 and its 200 day moving average price is GBX 1,728.50.

Insider Activity at Smiths Group

In other Smiths Group news, insider Mark Seligman purchased 4,000 shares of Smiths Group stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired 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.