Smiths Group (LON:SMIN) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Smiths Group plc shares have crossed above their 200-day moving average, trading at GBX 2,332 ($31.34) after reaching a high of GBX 2,340 ($31.45).
• The company, with a market capitalization of £7.66 billion, reported a P/E ratio of 2,629.09 and has shown a 1.1% increase in stock value.
• Insider activity includes the purchase of shares by executives, with a total of 1,091 shares acquired in the last ninety days, signaling confidence in the company's direction.

Shares of Smiths Group plc (LON:SMIN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,113.15 ($28.51) and traded as high as GBX 2,340 ($31.57). Smiths Group shares last traded at GBX 2,332 ($31.46), with a volume of 627,471 shares changing hands.

Smiths Group Trading Up 1.1%

The stock has a market cap of £7.78 billion, a PE 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 quick ratio of 1.29 and a current ratio of 2.07. The business has a 50-day moving average of GBX 2,319.93 and a 200 day moving average of GBX 2,117.10.

Insider Transactions at Smiths Group

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