Smiths Group (LON:SMIN) Sets New 52-Week High – Should You Buy?

Smiths Group plc (LON:SMIN)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 1,867.33 ($22.85) and last traded at GBX 1,862 ($22.78), with a volume of 1243139 shares changing hands. The stock had previously closed at GBX 1,765 ($21.60).

Smiths Group Stock Performance

The business has a 50-day simple moving average of GBX 1,706.34 and a 200 day simple moving average of GBX 1,714.23. The company has a debt-to-equity ratio of 29.84, a current ratio of 2.07 and a quick ratio of 1.29. The firm has a market cap of £6.39 billion, a PE ratio of 2,586.11, a PEG ratio of 0.35 and a beta of 0.66.

Insider Buying and Selling

In related news, insider Karin Hoeing purchased 370 shares of Smiths Group stock in a transaction on Friday, November 1st. The shares were bought at an average cost of GBX 1,530 ($18.72) per share, for a total transaction of £5,661 ($6,926.47). Also, insider Mark Seligman purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was bought at an average price of GBX 1,726 ($21.12) per share, for a total transaction of £69,040 ($84,473.27). 0.61% of the stock is currently owned by insiders.

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.