IMI (LON:IMI) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

IMI plc (LON:IMI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,794.89 ($22.59) and traded as high as GBX 1,853 ($23.32). IMI shares last traded at GBX 1,824 ($22.95), with a volume of 331,712 shares changing hands.

IMI Stock Performance

The firm’s fifty day simple moving average is GBX 1,771.09 and its 200 day simple moving average is GBX 1,795.36. The company has a market capitalization of £4.71 billion, a PE ratio of 1,891.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80.

Insider Transactions at IMI

In other news, insider Anne Thorburn bought 5,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of GBX 1,740 ($21.90) per share, with a total value of £87,000 ($109,475.27). Also, insider Jackie Callaway purchased 857 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of GBX 1,750 ($22.02) per share, for a total transaction of £14,997.50 ($18,871.90). Insiders have purchased 5,878 shares of company stock worth $10,237,592 over the last quarter. 1.52% of the stock is currently owned by insiders.

IMI Company Profile

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.