Smiths Group (LON:SMIN) Hits New 1-Year High – Here’s Why

Shares of Smiths Group plc (LON:SMIN) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 1,867.33 ($22.85) and last traded at GBX 1,862 ($22.78), with a volume of 1243139 shares trading hands. The stock had previously closed at GBX 1,765 ($21.60).

Smiths Group Stock Up 5.5 %

The business’s 50 day simple moving average is GBX 1,706.34 and its 200 day simple moving average is GBX 1,714.23. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.84. The firm has a market capitalization of £6.39 billion, a PE ratio of 2,586.11, a PEG ratio of 0.35 and a beta of 0.66.

Insider Buying and Selling

In other news, insider Mark Seligman bought 4,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of GBX 1,726 ($21.12) per share, for a total transaction of £69,040 ($84,473.27). Also, insider Karin Hoeing purchased 370 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of GBX 1,530 ($18.72) per share, with a total value of £5,661 ($6,926.47). 0.61% of the stock is currently owned by company insiders.

Smiths Group Company Profile

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.