Smiths Group (LON:SMIN) Shares Up 10.8% – Here’s Why

Smiths Group plc (LON:SMIN) was up 10.8% on Saturday . The stock traded as high as GBX 2,188 ($27.12) and last traded at GBX 2,066 ($25.60). Approximately 5,864,697 shares were traded during trading, an increase of 75% from the average daily volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.11).

Smiths Group Stock Performance

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 company has a market cap of £7.09 billion, a price-to-earnings ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66. The company has a fifty day moving average of GBX 1,775.44 and a two-hundred day moving average of GBX 1,728.50.

Insider Activity at Smiths Group

In related news, insider Mark Seligman bought 4,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of GBX 1,726 ($21.39) per share, with a total value of £69,040 ($85,562.03). 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.