Smiths Group (LON:SMIN) Stock Price Up 10.8% – Here’s Why

Smiths Group plc (LON:SMIN)’s share price rose 10.8% during mid-day trading on Friday . The stock traded as high as GBX 2,188 ($27.17) and last traded at GBX 2,066 ($25.66). Approximately 5,864,697 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.16).

Smiths Group Stock 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 firm has a market capitalization of £7.09 billion, a price-to-earnings ratio of 2,869.44, a PEG ratio of 0.35 and a beta of 0.66. The stock has a fifty day moving average price of GBX 1,767.96 and a 200-day moving average price of GBX 1,725.95.

Insiders Place Their Bets

In other Smiths Group news, insider Mark Seligman bought 4,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was bought at an average cost of GBX 1,726 ($21.44) per share, for a total transaction of £69,040 ($85,742.67). Insiders own 0.61% of the company’s stock.

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.