Smiths Group (LON:SMIN) Trading 10.8% Higher – Should You Buy?

Smiths Group plc (LON:SMIN) shot up 10.8% during mid-day trading on Saturday . The company traded as high as GBX 2,188 ($26.88) and last traded at GBX 2,066 ($25.38). 5,864,697 shares were traded 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 ($22.91).

Smiths Group Trading Up 10.8 %

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 firm has a market cap of £7.09 billion, a P/E ratio of 2,869.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The firm’s 50-day simple moving average is GBX 1,775.44 and its 200 day simple moving average is GBX 1,728.43.

Insider Buying and Selling

In other news, insider Mark Seligman acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was bought 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 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.