Smiths Group (OTCMKTS:SMGZY) Sees Strong Trading Volume – Here’s Why

Smiths Group PLC (OTCMKTS:SMGZY) saw unusually-strong trading volume on Monday . Approximately 18,004 shares changed hands during trading, an increase of 26% from the previous session’s volume of 14,297 shares.The stock last traded at $32.60 and had previously closed at $32.57.

Wall Street Analyst Weigh In

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

Smiths Group Trading Up 2.2%

The company has a 50-day moving average of $32.95 and a 200-day moving average of $32.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.56 and a current ratio of 2.18.

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.