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

Shares of Smiths Group PLC (OTCMKTS:SMGZY) 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Smiths Group to a “strong-buy” rating in a report on Thursday, August 6th. Zacks Research lowered shares of Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Smiths Group Price Performance

The stock has a fifty day moving average of $35.20 and a 200-day moving average of $34.27. The company has a current ratio of 3.04, a quick ratio of 2.77 and a debt-to-equity ratio of 0.70.

About Smiths Group

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.