Smart Metering Systems (LON:SMS) Share Price Crosses Above 50-Day Moving Average of $690.96

Shares of Smart Metering Systems plc (LON:SMS) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 690.96 ($8.73) and traded as high as GBX 707 ($8.93). Smart Metering Systems shares last traded at GBX 691 ($8.73), with a volume of 150,534 shares trading hands.

Smart Metering Systems Price Performance

The business’s 50-day moving average price is GBX 690.96 and its 200 day moving average price is GBX 753.26. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 14.30. The company has a market capitalization of £922.77 million, a P/E ratio of 6,281.82, a price-to-earnings-growth ratio of 1.81 and a beta of 0.42.

Insiders Place Their Bets

In related news, insider Tim Mortlock purchased 6,820 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of GBX 733 ($9.26) per share, with a total value of £49,990.60 ($63,135.39). Corporate insiders own 8.87% of the company’s stock.

Smart Metering Systems Company Profile

Smart Metering Systems plc, together with its subsidiaries, operates as an integrated energy infrastructure company in the United Kingdom. It operates through three segments: Asset Management, Asset Installation, and Energy Management. The company owns, installs, and manages carbon reduction assets. It also engages in the regulated management of gas meters, electric meters, and ADM devices.