Smiths Group (LON:SMIN) Trading 10.8% Higher – Here’s Why

Smiths Group plc (LON:SMIN) shares shot up 10.8% on Friday . The company traded as high as GBX 2,188 ($27.17) and last traded at GBX 2,066 ($25.66). 5,864,697 shares traded 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 ($23.16).

Smiths Group Price Performance

The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.84. The company has a market capitalization of £7.09 billion, a PE ratio of 2,869.44, a PEG ratio of 0.35 and a beta of 0.66. The company’s 50 day moving average price is GBX 1,767.96 and its 200-day moving average price is GBX 1,725.95.

Insider Buying and Selling at Smiths Group

In other Smiths Group news, insider Mark Seligman purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average cost of GBX 1,726 ($21.44) per share, with a total value of £69,040 ($85,742.67). 0.61% of the stock is 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.