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

Shares of Smiths Group plc (LON:SMIN) rose 10.8% on Saturday . The company traded as high as GBX 2,188 ($26.88) and last traded at GBX 2,066 ($25.38). 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 ($22.91).

Smiths Group Trading Up 10.8 %

The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29. The business has a 50-day moving average price of GBX 1,775.44 and a two-hundred day moving average price of GBX 1,728.43. The firm has a market cap of £7.09 billion, a PE ratio of 2,869.44, a PEG ratio of 0.35 and a beta of 0.66.

Insiders Place Their Bets

In other news, insider Mark Seligman acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average price of GBX 1,726 ($21.21) per share, with a total value of £69,040 ($84,826.15). 0.61% of the stock is currently owned by company 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.