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

Smiths Group PLC (OTCMKTS:SMGZY) gapped down prior to trading on Friday . The stock had previously closed at $32.03, but opened at $29.77. Smiths Group shares last traded at $28.90, with a volume of 7,709 shares trading hands.

Analyst Upgrades and Downgrades

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

Smiths Group Stock Performance

The company has a current ratio of 2.18, a quick ratio of 1.56 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $35.38 and a 200 day simple moving average of $33.71.

Smiths Group Company Profile

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.