IMI (LON:IMI) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

IMI plc (LON:IMI) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,795.78 ($22.58) and traded as high as GBX 1,864 ($23.43). IMI shares last traded at GBX 1,852 ($23.28), with a volume of 792,785 shares changing hands.

IMI Price Performance

The company has a market cap of £4.69 billion, a price-to-earnings ratio of 1,884.54, a PEG ratio of 1.12 and a beta of 1.08. The company has a 50-day simple moving average of GBX 1,767.48 and a 200-day simple moving average of GBX 1,795.78. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36.

Insider Activity at IMI

In related news, insider Jackie Callaway bought 857 shares of the company’s stock in a transaction on Monday, November 25th. The stock was bought at an average cost of GBX 1,750 ($22.00) per share, with a total value of £14,997.50 ($18,855.29). Also, insider Anne Thorburn purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of GBX 1,740 ($21.88) per share, for a total transaction of £87,000 ($109,378.93). Insiders have acquired a total of 5,878 shares of company stock worth $10,237,592 over the last three months. 1.52% of the stock is currently owned by corporate insiders.

IMI Company Profile

IMI plc, an engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa. The company offers engineering protects for extreme temperatures and pressure environments; supplying flow control solutions in critical applications, including liquified natural gas (LNG) production, upstream oil and gas facilities, petrochemical processes, biopharma processing, combined cycle and nuclear power, marine, and other process industries; and installs severe service valves for supporting critical industrial plants and processes.