IMI (LON:IMI) Shares Pass Above 200 Day Moving Average – Here’s Why

IMI plc (LON:IMI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,795.63 ($22.31) and traded as high as GBX 1,843 ($22.89). IMI shares last traded at GBX 1,821 ($22.62), with a volume of 183,913 shares traded.

IMI Trading Down 1.2 %

The stock has a 50-day moving average price of GBX 1,777.67 and a two-hundred day moving average price of GBX 1,795.65. The stock has a market capitalization of £4.68 billion, a PE ratio of 1,877.32, a PEG ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36.

Insider Buying and Selling

In other news, insider Anne Thorburn purchased 5,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of GBX 1,740 ($21.61) per share, for a total transaction of £87,000 ($108,074.53). Also, insider Jackie Callaway bought 857 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of GBX 1,750 ($21.74) per share, with a total value of £14,997.50 ($18,630.43). In the last quarter, insiders bought 5,878 shares of company stock valued at $10,237,592. Company insiders own 1.52% of the company’s stock.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.