Smiths Group (OTCMKTS:SMGZY) Hits New 12-Month High – Still a Buy?

Smiths Group PLC (OTCMKTS:SMGZY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $35.93 and last traded at $35.93, with a volume of 2099 shares traded. The stock had previously closed at $35.61.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Smiths Group from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Smiths Group Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.56 and a current ratio of 2.18. The firm has a 50-day moving average of $32.98 and a 200-day moving average of $32.66.

About Smiths Group

Smiths Group plc, headquartered in London, is a diversified engineering firm with roots dating back to 1851. Over its long history, the company has evolved from a manufacturer of timepieces into a provider of critical components and systems for industries ranging from energy and natural resources to healthcare and security. Smiths Group is publicly traded on the London Stock Exchange and its American depositary receipts trade over-the-counter under the symbol SMGZY.

The company operates through four principal divisions.