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

Key Points

• Smiths Group's stock price recently surpassed its 200-day moving average, indicating a potential shift in market momentum, with the last traded price at GBX 2,356 ($31.74).
• The company has a market capitalization of £7.70 billion and a notably high P/E ratio of 2,656.14, suggesting pricing concerns relative to earnings.
• Insider transactions include Richard Howes and Karin Hoeing purchasing shares at GBX 2,340, reflecting confidence from key executives, as insiders collectively own 0.75% of the company's stock.

Smiths Group plc (LON:SMIN - )'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,139 ($28.82) and traded as high as GBX 2,372 ($31.96). Smiths Group shares last traded at GBX 2,356 ($31.74), with a volume of 2,030,390 shares trading hands.

Smiths Group Price Performance

The firm has a market capitalization of £7.70 billion, a P/E ratio of 2,656.14, a price-to-earnings-growth ratio of 0.35 and a beta of 0.66. The firm has a 50 day moving average price of GBX 2,341.77 and a 200-day moving average price of GBX 2,139. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55.

Insider Activity

In related news, insider Richard Howes acquired 76 shares of the stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of GBX 2,340 per share, with a total value of £1,778.40. Also, insider Karin Hoeing acquired 242 shares of the stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of GBX 2,340 per share, with a total value of £5,662.80. Insiders purchased 1,091 shares of company stock valued at $1,643,119 in the last ninety days. 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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