Smiths Group (OTCMKTS:SMGZY) Reaches New 1-Year High – Time to Buy?

Smiths Group PLC (OTCMKTS:SMGZY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.79 and last traded at $33.7550, with a volume of 162018 shares trading hands. The stock had previously closed at $33.5130.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Smiths Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Smiths Group Trading Up 1.0%

The company’s fifty day moving average is $32.82 and its two-hundred day moving average is $32.51. The company has a current ratio of 2.18, a quick ratio of 1.56 and a debt-to-equity ratio of 0.31.

Smiths Group Company Profile

Smiths Group plc, headquartered in London, is a diversified engineering firm with roots dating back to 1851. Over its long history, the company has evolved from a manufacturer of timepieces into a provider of critical components and systems for industries ranging from energy and natural resources to healthcare and security. Smiths Group is publicly traded on the London Stock Exchange and its American depositary receipts trade over-the-counter under the symbol SMGZY.

The company operates through four principal divisions.