IMI (LON:IMI) Hits New 52-Week High – Here’s Why

IMI plc (LON:IMI) hit a new 52-week high on Friday . The stock traded as high as GBX 2,018 ($25.38) and last traded at GBX 2,016 ($25.36), with a volume of 2029916 shares traded. The stock had previously closed at GBX 1,892 ($23.80).

IMI Stock Up 5.5 %

The business has a 50 day moving average of GBX 1,900.49 and a 200-day moving average of GBX 1,828.51. The stock has a market cap of £5.06 billion, a PE ratio of 20.45, a P/E/G ratio of 1.12 and a beta of 1.08. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

IMI (LON:IMI) last released its quarterly earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.54) earnings per share (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. Equities research analysts predict that IMI plc will post 137.9737609 EPS for the current fiscal year.

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.