Smiths Group (LON:SMIN) Shares Up 10.8% – Still a Buy?

Smiths Group plc (LON:SMIN) shares traded up 10.8% 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 Stock Up 10.8 %

The business’s 50 day moving average price is GBX 1,775.44 and its 200-day moving average price is GBX 1,728.43. The company has a debt-to-equity ratio of 29.84, a quick ratio of 1.29 and a current ratio of 2.07. The firm has a market capitalization of £7.09 billion, a PE ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66.

Insiders Place Their Bets

In other Smiths Group news, insider Mark Seligman bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of GBX 1,726 ($21.21) per share, with a total value of £69,040 ($84,826.15). 0.61% of the stock is 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.