Smiths Group (OTCMKTS:SMGZY) Hits New 1-Year High – Still a Buy?

Smiths Group PLC (OTCMKTS:SMGZY) shares hit a new 52-week high on Wednesday . The company traded as high as $37.51 and last traded at $37.17, with a volume of 19829 shares changing hands. The stock had previously closed at $37.20.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Smiths Group in a research note on Thursday, January 29th. Berenberg Bank raised Smiths Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, Zacks Research cut Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Smiths Group currently has an average rating of “Moderate Buy”.

Smiths Group Stock Down 0.1%

The business has a 50-day moving average of $34.80 and a 200-day moving average of $33.45. 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.