Smiths Group (LON:SMIN) Stock Price Crosses Above 200-Day Moving Average of $1,668.75

Smiths Group plc (LON:SMIN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,668.75 ($21.11) and traded as high as GBX 1,698 ($21.48). Smiths Group shares last traded at GBX 1,691 ($21.39), with a volume of 537,615 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,180 ($27.57) price objective on shares of Smiths Group in a research report on Tuesday, May 21st.

Smiths Group Stock Up 0.9 %

The firm’s 50-day moving average price is GBX 1,700.51 and its 200 day moving average price is GBX 1,668.98. The company has a market capitalization of £6.02 billion, a price-to-earnings ratio of 2,571.64, a PEG ratio of 0.35 and a beta of 0.65. The company has a current ratio of 1.91, a quick ratio of 1.29 and a debt-to-equity ratio of 32.22.

Insider Activity

In other news, insider Richard Howes bought 111 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of GBX 1,603 ($20.28) per share, for a total transaction of £1,779.33 ($2,250.61). Corporate insiders own 0.60% of the company’s stock.

About Smiths Group

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.