Smiths Group (LON:SMIN) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Smiths Group plc (LON:SMIN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,713.33 ($20.92) and traded as high as GBX 1,763 ($21.52). Smiths Group shares last traded at GBX 1,725.87 ($21.07), with a volume of 2,087,817 shares changing hands.

Smiths Group Price Performance

The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29. The stock has a fifty day simple moving average of GBX 1,697.94 and a 200-day simple moving average of GBX 1,713.33. The company has a market capitalization of £5.95 billion, a price-to-earnings ratio of 2,406.94, a P/E/G ratio of 0.35 and a beta of 0.66.

Insider Activity

In related news, insider Mark Seligman acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average cost of GBX 1,726 ($21.07) per share, with a total value of £69,040 ($84,287.63). Also, insider Karin Hoeing bought 370 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of GBX 1,530 ($18.68) per share, with a total value of £5,661 ($6,911.24). Insiders own 0.61% of the company’s stock.

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.