Smiths Group (LON:SMIN) Stock Price Up 10.8% – Time to Buy?

Smiths Group plc (LON:SMIN) shares shot up 10.8% during mid-day trading on Saturday . The company traded as high as GBX 2,188 ($27.13) and last traded at GBX 2,066 ($25.62). 5,864,697 shares changed hands during mid-day trading, an increase of 75% from the average session volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.12).

Smiths Group Stock Performance

The firm’s fifty day simple moving average is GBX 1,775.44 and its 200 day simple moving average is GBX 1,728.50. The company has a market capitalization of £7.09 billion, a price-to-earnings ratio of 2,869.44, a PEG ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29.

Insider Activity

In related news, insider Mark Seligman purchased 4,000 shares of Smiths Group stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average price of GBX 1,726 ($21.40) per share, for a total transaction of £69,040 ($85,604.46). Insiders own 0.61% of the company’s stock.

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.