IMI (LON:IMI) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

IMI plc (LON:IMI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,819.87 ($22.90) and traded as high as GBX 1,956 ($24.61). IMI shares last traded at GBX 1,921 ($24.17), with a volume of 299,672 shares trading hands.

IMI Stock Performance

The company’s fifty day simple moving average is GBX 1,890.30 and its two-hundred day simple moving average is GBX 1,819.87. The company has a market capitalization of £4.89 billion, a price-to-earnings ratio of 19.78, 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 quick ratio of 0.80 and a current ratio of 1.36.

Insider Transactions at IMI

In other news, insider Jackie Callaway purchased 857 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of GBX 1,750 ($22.02) per share, with a total value of £14,997.50 ($18,871.90). Over the last 90 days, insiders have purchased 879 shares of company stock valued at $1,541,032. Insiders own 1.52% of the company’s stock.

About IMI

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.