Smiths Group (LON:SMIN) Stock Price Up 10.8% – Here’s What Happened

Smiths Group plc (LON:SMIN)’s share price shot up 10.8% during mid-day trading on Saturday . The company traded as high as GBX 2,188 ($27.12) and last traded at GBX 2,066 ($25.60). 5,864,697 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.11).

Smiths Group Stock Performance

The stock has a market cap of £7.09 billion, a PE ratio of 2,869.44, a P/E/G ratio of 0.35 and a beta of 0.66. 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 50-day simple moving average of GBX 1,767.96 and a 200-day simple moving average of GBX 1,725.95.

Insider Buying and Selling

In other news, insider Mark Seligman bought 4,000 shares of Smiths Group stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of GBX 1,726 ($21.39) per share, with a total value of £69,040 ($85,562.03). 0.61% of the stock is owned by corporate 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.