Smiths Group PLC (OTCMKTS:SMGZY – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 34,429 shares, an increase of 54.7% from the July 30th total of 22,250 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 20,027 shares, the days-to-cover ratio is currently 1.7 days.
Smiths Group Stock Down 0.3%
Shares of SMGZY stock opened at $35.40 on Tuesday. Smiths Group has a 52-week low of $28.29 and a 52-week high of $37.93. The firm’s 50-day moving average is $35.07 and its 200-day moving average is $34.52. The company has a quick ratio of 2.77, a current ratio of 3.04 and a debt-to-equity ratio of 0.70.
Wall Street Analyst Weigh In
SMGZY has been the topic of several recent research reports. The Goldman Sachs Group upgraded Smiths Group to a “strong-buy” rating in a report on Thursday, August 6th. Jefferies Financial Group reissued a “hold” rating on shares of Smiths Group in a report on Wednesday, May 20th. Finally, Zacks Research lowered Smiths Group from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.
Smiths Group Company Profile
Smiths Group plc, headquartered in London, is a diversified engineering firm with roots dating back to 1851. Over its long history, the company has evolved from a manufacturer of timepieces into a provider of critical components and systems for industries ranging from energy and natural resources to healthcare and security. Smiths Group is publicly traded on the London Stock Exchange and its American depositary receipts trade over-the-counter under the symbol SMGZY.
The company operates through four principal divisions.
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