Smiths Group (OTCMKTS:SMGZY) Sets New 1-Year High – What’s Next?

Smiths Group PLC (OTCMKTS:SMGZY)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $36.91 and last traded at $36.77, with a volume of 7940 shares. The stock had previously closed at $36.46.

Wall Street Analyst Weigh In

Several brokerages have commented on SMGZY. Berenberg Bank raised shares of Smiths Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Zacks Research raised shares of Smiths Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Smiths Group Price Performance

The company has a current ratio of 2.18, a quick ratio of 1.56 and a debt-to-equity ratio of 0.31. The business’s 50-day simple moving average is $33.21 and its two-hundred day simple moving average is $32.79.

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.