Smiths Group (OTCMKTS:SMGZY) Share Price Passes Above 50 Day Moving Average – What’s Next?

Smiths Group PLC (OTCMKTS:SMGZY) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $34.80 and traded as high as $35.95. Smiths Group shares last traded at $35.90, with a volume of 13,039 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SMGZY. Jefferies Financial Group reissued a “hold” rating on shares of Smiths Group in a research report on Wednesday, May 20th. Zacks Research cut shares of Smiths Group from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group raised shares of Smiths Group to a “strong-buy” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Smiths Group Trading Down 0.3%

The stock’s 50-day simple moving average is $34.83 and its 200 day simple moving average is $34.52. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.04 and a quick ratio of 2.77.

About Smiths Group

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.