Smiths Group (LON:SMIN) Share Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Smiths Group's share price recently surpassed its 200-day moving average of GBX 2,156.33, reaching a high of GBX 2,352 during trading.
• The company reported a quarterly earnings per share (EPS) of GBX 85.70, with analysts predicting an average EPS of 85.13 for the current fiscal year.
• Insider purchases have occurred, with insiders acquiring a total of 1,091 shares worth $1,643,119 over the last three months, demonstrating confidence in the company's prospects.

Smiths Group plc (LON:SMIN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,156.33 ($28.99) and traded as high as GBX 2,352 ($31.63). Smiths Group shares last traded at GBX 2,326.27 ($31.28), with a volume of 924,218 shares traded.

Smiths Group Price Performance

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 has a 50 day simple moving average of GBX 2,338.45 and a two-hundred day simple moving average of GBX 2,156.33. The company has a market cap of £7.70 billion, a price-to-earnings ratio of 2,656.14, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66.

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

Insider Activity at Smiths Group

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

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.

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