Smiths Group (OTCMKTS:SMGZY) Shares Gap Down – Here’s What Happened

Smiths Group PLC (OTCMKTS:SMGZY) shares gapped down prior to trading on Thursday . The stock had previously closed at $35.35, but opened at $33.81. Smiths Group shares last traded at $33.89, with a volume of 990 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SMGZY. Zacks Research cut shares of Smiths Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Citigroup reissued a “buy” rating on shares of Smiths Group in a research note on Thursday, January 29th. Finally, Berenberg Bank upgraded shares of Smiths Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. One 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.com, the company currently has an average rating of “Moderate Buy”.

Smiths Group Stock Performance

The business has a fifty day simple moving average of $35.57 and a two-hundred day simple moving average of $33.75. The company has a quick ratio of 1.56, a current ratio of 2.18 and a debt-to-equity ratio of 0.31.

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.