Smiths Group (LON:SMIN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Smiths Group's stock price has crossed above its 200-day moving average, trading at GBX 2,428 ($32.54) with a volume of over 1 million shares.
• The company reported earnings per share of GBX 85.70 for the last quarter, with a market capitalization of £7.89 billion.
• Insiders have purchased a total of 1,091 shares valued at approximately $1.6 million in the past 90 days, indicating confidence in the company's future.

Smiths Group plc (LON:SMIN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,171.79 ($29.11) and traded as high as GBX 2,434 ($32.62). Smiths Group shares last traded at GBX 2,428 ($32.54), with a volume of 1,112,527 shares traded.

Smiths Group Trading Up 0.1%

The stock has a market cap of £7.89 billion, a PE ratio of 2,848.77, a P/E/G ratio of 0.35 and a beta of 0.66. The firm has a 50-day simple moving average of GBX 2,348.10 and a 200-day simple moving average of GBX 2,171.79. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.55.

Smiths Group (LON:SMIN - Get Free Report) last posted its earnings results on Tuesday, September 23rd. The company reported GBX 85.70 earnings per share (EPS) for the quarter. Smiths Group had a return on equity of 11.54% and a net margin of 7.98%. Equities analysts forecast that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Insider Activity at Smiths Group

In other news, insider Roland Carter bought 773 shares of Smiths Group stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of GBX 1,163 per share, with a total value of £8,989.99. Also, insider Karin Hoeing bought 242 shares of Smiths Group stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of GBX 2,340 per share, for a total transaction of £5,662.80. Insiders have bought a total of 1,091 shares of company stock valued at $1,643,119 over the last 90 days. 0.75% of the stock is owned by insiders.

Smiths Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.