Smiths Group (LON:SMIN) Sets New 52-Week High - Still a Buy?

Key Points

• Smiths Group plc reached a new 52-week high of GBX 2,384.40 ($32.17), reflecting a 1.1% increase from its previous close.
• The company's current market capitalization is £7.78 billion, with a high P/E ratio of 2,685.46 and a PEG ratio of 0.35.
• Recent insider transactions included Roland Carter purchasing 773 shares and Richard Howes acquiring 76 shares, indicating insider confidence in the company's prospects.

Smiths Group plc (LON:SMIN - ) reached a new 52-week high during trading on Monday . The company traded as high as GBX 2,384.40 ($32.17) and last traded at GBX 2,384 ($32.16), with a volume of 289269 shares trading hands. The stock had previously closed at GBX 2,356 ($31.78).

Smiths Group Stock Up 1.1%

The stock has a market capitalization of £7.78 billion, a P/E ratio of 2,685.46, a PEG ratio of 0.35 and a beta of 0.66. The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29. The stock's fifty day moving average is GBX 2,319.93 and its two-hundred day moving average is GBX 2,117.10.

Insider Buying and Selling

In other news, insider Roland Carter acquired 773 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of GBX 1,163 per share, with a total value of £8,989.99. Also, insider Richard Howes bought 76 shares of the firm's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of GBX 2,340 per share, with a total value of £1,778.40. In the last 90 days, insiders bought 1,091 shares of company stock valued at $1,643,119. Company insiders own 0.75% of the company's stock.

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.

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