Smiths Group PLC (OTCMKTS:SMGZY – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 13,748 shares, a drop of 69.5% from the August 31st total of 45,059 shares. Based on an average trading volume of 148,883 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Smiths Group Trading Up 2.3%
OTCMKTS:SMGZY opened at $37.65 on Friday. Smiths Group has a twelve month low of $28.29 and a twelve month high of $37.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.04 and a quick ratio of 2.77. The company’s 50 day moving average is $35.45 and its two-hundred day moving average is $34.32.
Wall Street Analysts Forecast Growth
SMGZY has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Smiths Group to a “strong-buy” rating in a research report on Thursday, August 6th. Zacks Research cut Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Finally, Citigroup downgraded Smiths Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Smiths Group currently has an average rating of “Moderate Buy”.
About Smiths Group
Smiths Group plc is a United Kingdom-based engineering company that develops and manufactures technologies used in industrial, energy, transportation, security, aerospace, and medical applications. Founded in London in 1851 as S. Smith & Son, the company has evolved from a watchmaker and instrument manufacturer into a diversified global technology group.
The company operates through four principal businesses. John Crane provides engineered sealing systems, filtration products, and related services for rotating equipment used in energy and industrial applications.
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