Smiths Group (OTCMKTS:SMGZY) Shares Gap Up – Should You Buy?

Smiths Group PLC (OTCMKTS:SMGZYGet Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $34.85, but opened at $37.04. Smiths Group shares last traded at $36.96, with a volume of 1,192 shares trading hands.

Analyst Upgrades and Downgrades

SMGZY has been the subject of several recent analyst reports. Zacks Research downgraded shares of Smiths Group from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. The Goldman Sachs Group raised Smiths Group to a “strong-buy” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Smiths Group currently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on Smiths Group

Smiths Group Stock Performance

The company has a quick ratio of 2.77, a current ratio of 3.04 and a debt-to-equity ratio of 0.70. The firm’s 50 day simple moving average is $35.20 and its 200 day simple moving average is $34.27.

About Smiths Group

(Get Free Report)

Smiths Group plc is a United Kingdom-based engineering company that develops and manufactures technologies used in industrial, energy, transportation, security, aerospace, and medical applications. Founded in London in 1851 as S. Smith & Son, the company has evolved from a watchmaker and instrument manufacturer into a diversified global technology group.

The company operates through four principal businesses. John Crane provides engineered sealing systems, filtration products, and related services for rotating equipment used in energy and industrial applications.

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