Smiths Group (OTCMKTS:SMGZY) Sets New 52-Week High – Here’s Why

Smiths Group PLC (OTCMKTS:SMGZY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $37.01 and last traded at $37.00, with a volume of 17398 shares traded. The stock had previously closed at $36.23.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SMGZY shares. Berenberg Bank raised Smiths Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Citigroup reaffirmed a “buy” rating on shares of Smiths Group in a research report on Thursday, January 29th. Finally, Zacks Research downgraded Smiths Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Smiths Group has an average rating of “Moderate Buy”.

Smiths Group Price Performance

The firm has a 50-day moving average price of $34.38 and a two-hundred day moving average price of $33.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.18 and a quick ratio of 1.56.

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.