IMI (LON:IMI) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

IMI plc (LON:IMI - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,878.40 ($25.50) and traded as high as GBX 2,061.72 ($27.99). IMI shares last traded at GBX 2,040.64 ($27.71), with a volume of 726,970 shares.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price target on shares of IMI from GBX 2,250 ($30.55) to GBX 2,400 ($32.59) and gave the company an "outperform" rating in a report on Monday, March 3rd.

IMI Stock Down 0.0%

The company has a market capitalization of £5.19 billion, a PE ratio of 20.98, a PEG ratio of 1.12 and a beta of 1.08. The company's 50 day moving average is GBX 1,855.17 and its two-hundred day moving average is GBX 1,883.37. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33.

Insider Activity at IMI

In other news, insider Jackie Callaway bought 1,046 shares of IMI stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average cost of GBX 1,971 ($26.76) per share, for a total transaction of £20,616.66 ($27,992.75). Insiders acquired a total of 1,074 shares of company stock worth $2,117,162 in the last quarter. 1.52% of the stock is owned by company insiders.

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.