Smiths Group (OTCMKTS:SMGZY) Sees Large Volume Increase – Should You Buy?

Smiths Group PLC (OTCMKTS:SMGZY) shares saw unusually-high trading volume on Thursday . Approximately 358,670 shares were traded during mid-day trading, an increase of 555% from the previous session’s volume of 54,783 shares.The stock last traded at $35.19 and had previously closed at $33.95.

Wall Street Analyst Weigh In

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

Smiths Group Stock Performance

The company has a quick ratio of 1.56, a current ratio of 2.18 and a debt-to-equity ratio of 0.31. The business’s 50 day simple moving average is $32.82 and its two-hundred day simple moving average is $32.52.

About Smiths Group

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.