Smiths Group (OTCMKTS:SMGZY) Reaches New 52-Week High on Analyst Upgrade

Smiths Group PLC (OTCMKTS:SMGZY) hit a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $38.1451 and last traded at $37.87, with a volume of 24777 shares. The stock had previously closed at $37.65.

Several other brokerages have also weighed in on SMGZY. Citigroup lowered Smiths Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 23rd. The Goldman Sachs Group upgraded Smiths Group to a “strong-buy” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Smiths Group Trading Down 0.4%

The company has a quick ratio of 2.77, a current ratio of 3.04 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average price is $35.59 and its 200 day moving average price is $34.38.

Smiths Group Company Profile

Smiths Group plc is a United Kingdom-based engineering company that develops and manufactures specialized products and technologies for critical applications. Its businesses serve markets including aerospace, defense, transportation, energy, medical, communications, and infrastructure, with operations and customers across international markets.

The company’s principal activities include threat-detection and screening systems through Smiths Detection; engineered sealing and rotating-equipment solutions through John Crane; engineered components and systems for aerospace, industrial, and other demanding applications through Flex-Tek; and electronic connectors and high-performance interconnect solutions through Smiths Interconnect.