Smiths Group (LON:SMIN) Trading Up 10.8% – Here’s What Happened

Smiths Group plc (LON:SMIN) shot up 10.8% during trading on Saturday . The stock traded as high as GBX 2,188 ($27.12) and last traded at GBX 2,066 ($25.60). 5,864,697 shares were traded during mid-day trading, an increase of 75% from the average session volume of 3,346,268 shares. The stock had previously closed at GBX 1,865 ($23.11).

Smiths Group Stock Up 10.8 %

The company has a market capitalization of £7.09 billion, a P/E ratio of 2,869.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.84. The stock’s fifty day moving average is GBX 1,767.96 and its 200 day moving average is GBX 1,725.95.

Insider Transactions at Smiths Group

In other Smiths Group news, insider Mark Seligman bought 4,000 shares of Smiths Group stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average cost of GBX 1,726 ($21.39) per share, with a total value of £69,040 ($85,562.03). 0.61% of the stock is currently owned by company insiders.

About Smiths Group

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.