Smiths Group (OTCMKTS:SMGZY) Hits New 12-Month High – Here’s Why

Smiths Group plc (OTCMKTS:SMGZY) hit a new 52-week high on Wednesday . The stock traded as high as $27.57 and last traded at $27.57, with a volume of 20864 shares. The stock had previously closed at $27.14.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Smiths Group in a research report on Monday, February 3rd.

Smiths Group Trading Up 1.6%

The stock has a fifty day moving average price of $25.25 and a 200-day moving average price of $23.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.07 and a quick ratio of 1.39.

Smiths Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Friday, April 4th will be issued a $0.1839 dividend. The ex-dividend date is Friday, April 4th.

About Smiths Group

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.