Smiths Group (OTCMKTS:SMGZY) Sees Unusually-High Trading Volume – Here’s Why

Smiths Group PLC (OTCMKTS:SMGZY) shares saw an uptick in trading volume on Thursday . 358,670 shares traded hands during trading, an increase of 555% from the previous session’s volume of 54,783 shares.The stock last traded at $35.19 and had previously closed at $33.95.

Analyst Ratings Changes

Separately, Zacks Research raised Smiths Group from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Smiths Group currently has a consensus rating of “Hold”.

Smiths Group Trading Up 2.8%

The business has a fifty day moving average price of $32.90 and a 200 day moving average price of $32.57. The company has a current ratio of 2.18, a quick ratio of 1.56 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.