Smiths Group (LON:SMIN) Stock Passes Above Two Hundred Day Moving Average of $1,646.33

Smiths Group plc (LON:SMIN)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,646.33 ($20.68) and traded as high as GBX 1,697.66 ($21.33). Smiths Group shares last traded at GBX 1,687 ($21.19), with a volume of 2,656,034 shares changing hands.

Smiths Group Stock Performance

The company has a debt-to-equity ratio of 32.22, a current ratio of 1.91 and a quick ratio of 1.29. The stock has a market capitalization of £5.88 billion, a P/E ratio of 2,556.06, a price-to-earnings-growth ratio of 0.35 and a beta of 0.65. The company has a fifty day moving average of GBX 1,626.73 and a two-hundred day moving average of GBX 1,646.33.

Smiths Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, May 13th. Stockholders of record on Thursday, April 4th will be issued a dividend of GBX 13.55 ($0.17) per share. This represents a dividend yield of 0.82%. The ex-dividend date is Thursday, April 4th. Smiths Group’s dividend payout ratio (DPR) is 6,363.64%.

Insider Buying and Selling

In related news, insider Richard Howes purchased 111 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of GBX 1,603 ($20.14) per share, for a total transaction of £1,779.33 ($2,235.34). Corporate insiders own 0.60% of the company’s stock.

About Smiths Group

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.