IMI (LON:IMI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

IMI plc (LON:IMI)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,814.16 ($22.56) and traded as high as GBX 1,976 ($24.57). IMI shares last traded at GBX 1,939 ($24.11), with a volume of 712,909 shares trading hands.

IMI Price Performance

The firm has a market cap of £5.01 billion, a price-to-earnings ratio of 2,010.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The company’s fifty day moving average is GBX 1,869.68 and its two-hundred day moving average is GBX 1,814.16.

Insider Buying and Selling

In other news, insider Jackie Callaway bought 857 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was bought at an average price of GBX 1,750 ($21.76) per share, for a total transaction of £14,997.50 ($18,651.29). Insiders have bought 878 shares of company stock valued at $1,537,809 in the last quarter. Company insiders own 1.52% of the company’s stock.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.