IMI (LON:IMI) Reaches New 1-Year High – Still a Buy?

IMI plc (LON:IMI) hit a new 52-week high on Thursday . The stock traded as high as GBX 1,979 ($24.36) and last traded at GBX 1,969 ($24.24), with a volume of 621796 shares traded. The stock had previously closed at GBX 1,951 ($24.02).

IMI Price Performance

The company has a market capitalization of £5.07 billion, a P/E ratio of 2,036.08, a PEG ratio of 1.12 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The business has a 50 day simple moving average of GBX 1,816.70 and a 200-day simple moving average of GBX 1,802.56.

Insider Buying and Selling

In other IMI news, insider Jackie Callaway purchased 857 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was bought at an average price of GBX 1,750 ($21.54) per share, with a total value of £14,997.50 ($18,463.01). Also, insider Anne Thorburn acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of GBX 1,740 ($21.42) per share, for a total transaction of £87,000 ($107,103.29). Insiders have bought a total of 5,878 shares of company stock valued at $10,237,809 in the last quarter. Company insiders own 1.52% of the company’s stock.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.