Smiths Group (LON:SMIN) Shares Up 10.8% – Time to Buy?

Smiths Group plc (LON:SMIN) rose 10.8% on Saturday . The stock traded as high as GBX 2,188 ($27.12) and last traded at GBX 2,066 ($25.60). Approximately 5,864,697 shares were traded 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 ($23.11).

Smiths Group Price Performance

The stock has a market capitalization of £7.09 billion, a P/E ratio of 2,869.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The business has a fifty day simple moving average of GBX 1,775.44 and a 200 day simple moving average of GBX 1,728.50. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.84.

Insider Buying and Selling

In other Smiths Group news, insider Mark Seligman bought 4,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average price of GBX 1,726 ($21.39) per share, for a total transaction of £69,040 ($85,562.03). 0.61% of the stock is currently owned by corporate insiders.

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.