Smiths Group (LON:SMIN) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Smiths Group plc (LON:SMIN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,287.11 and traded as high as GBX 2,542. Smiths Group shares last traded at GBX 2,540, with a volume of 91,819,328 shares.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Smiths Group in a report on Friday, October 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Smiths Group has a consensus rating of “Buy”.

Smiths Group Trading Up 0.3%

The stock has a 50-day simple moving average of GBX 2,413.04 and a two-hundred day simple moving average of GBX 2,287.11. The company has a debt-to-equity ratio of 29.55, a quick ratio of 1.29 and a current ratio of 2.07. The firm has a market cap of £8.27 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

Smiths Group (LON:SMIN) last announced its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 85.70 earnings per share (EPS) for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. As a group, sell-side analysts anticipate that Smiths Group plc will post 85.1295337 EPS for the current year.

Insider Activity at Smiths Group

In other Smiths Group news, insider Julian Fagge sold 26,199 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of GBX 2,421, for a total transaction of £634,277.79. Also, insider Karin Hoeing purchased 224 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was purchased at an average price of GBX 2,522 per share, for a total transaction of £5,649.28. Company insiders own 0.78% of the company’s stock.

Smiths Group Company Profile

Smiths Group plc operates as an industrial engineering 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 engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.