Smiths Group (LON:SMIN) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Smiths Group plc shares have surpassed their 200-day moving average, hitting a peak of GBX 2,344 ($31.08) during trading.
• The company has a market capitalization of £7.98 billion and a price-to-earnings ratio of 32.55, indicating potential growth prospects.
• Smiths Group operates in multiple sectors through four business divisions, including John Crane and Smiths Detection, focusing on industrial technology solutions.

Smiths Group plc (LON:SMIN - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,042.91 ($27.12) and traded as high as GBX 2,344 ($31.11). Smiths Group shares last traded at GBX 2,326 ($30.87), with a volume of 635,847 shares changing hands.

Smiths Group Price Performance

The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 29.55. The company has a market capitalization of £7.86 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The firm's 50-day moving average is GBX 2,255.07 and its 200-day moving average is GBX 2,053.37.

Insider Transactions at Smiths Group

In other news, insider Roland Carter bought 773 shares of the company's stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of GBX 1,163 ($15.44) per share, for a total transaction of £8,989.99 ($11,932.56). Also, insider Karin Hoeing bought 242 shares of the company's stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of GBX 2,340 ($31.06) per share, with a total value of £5,662.80 ($7,516.33). Over the last ninety days, insiders bought 1,091 shares of company stock worth $1,643,119. Company insiders own 0.61% 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.