IMI (LON:IMI) Reaches New 12-Month High – Here’s What Happened

IMI plc (LON:IMI)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 2,000.01 ($24.79) and last traded at GBX 1,994 ($24.71), with a volume of 239482 shares trading hands. The stock had previously closed at GBX 1,962 ($24.32).

IMI Trading Up 0.8 %

The stock’s 50 day simple moving average is GBX 1,851.92 and its 200 day simple moving average is GBX 1,810.35. The firm has a market cap of £5.17 billion, a PE ratio of 2,074.23, a PEG ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36.

Insider Buying and Selling

In other IMI news, insider Anne Thorburn purchased 5,000 shares of IMI stock in a transaction on Friday, November 8th. The shares were acquired at an average cost of GBX 1,740 ($21.56) per share, for a total transaction of £87,000 ($107,820.05). Also, insider Jackie Callaway purchased 857 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of GBX 1,750 ($21.69) per share, for a total transaction of £14,997.50 ($18,586.57). Over the last ninety days, insiders purchased 5,878 shares of company stock worth $10,237,809. Corporate 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.