IMI (LON:IMI) Reaches New 52-Week High – Time to Buy?

IMI plc (LON:IMI)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 1,913 ($23.41) and last traded at GBX 1,913 ($23.41), with a volume of 10560724 shares. The stock had previously closed at GBX 1,877 ($22.97).

IMI Stock Performance

The stock has a market capitalization of £4.91 billion, a price-to-earnings ratio of 1,972.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The firm has a fifty day moving average of GBX 1,802.05 and a 200 day moving average of GBX 1,798.36. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80.

Insider Buying and Selling

In other IMI news, insider Anne Thorburn acquired 5,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of GBX 1,740 ($21.29) per share, with a total value of £87,000 ($106,448.06). Also, insider Jackie Callaway acquired 857 shares of the company’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of GBX 1,750 ($21.41) per share, for a total transaction of £14,997.50 ($18,350.06). Insiders have purchased a total of 5,878 shares of company stock valued at $10,237,809 over the last ninety days. Company insiders own 1.52% of the company’s stock.

About IMI

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.