IMI (LON:IMI) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

IMI plc (LON:IMI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,795.78 ($22.57) and traded as high as GBX 1,864 ($23.43). IMI shares last traded at GBX 1,852 ($23.28), with a volume of 792,785 shares changing hands.

IMI Trading Up 0.5 %

The company’s 50 day simple moving average is GBX 1,768.74 and its 200-day simple moving average is GBX 1,796.18. The firm has a market cap of £4.70 billion, a P/E ratio of 1,885.57, a P/E/G ratio of 1.12 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33.

Insider Buying and Selling

In other IMI news, insider Jackie Callaway acquired 857 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of GBX 1,750 ($21.99) per share, with a total value of £14,997.50 ($18,848.18). Also, insider Anne Thorburn acquired 5,000 shares of IMI stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of GBX 1,740 ($21.87) per share, with a total value of £87,000 ($109,337.69). In the last three months, insiders acquired 5,878 shares of company stock valued at $10,237,592. Insiders own 1.52% of the company’s stock.

About IMI

IMI plc, an engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa. The company offers engineering protects for extreme temperatures and pressure environments; supplying flow control solutions in critical applications, including liquified natural gas (LNG) production, upstream oil and gas facilities, petrochemical processes, biopharma processing, combined cycle and nuclear power, marine, and other process industries; and installs severe service valves for supporting critical industrial plants and processes.