Smiths Group (OTCMKTS:SMGZY) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Smiths Group PLC (OTCMKTS:SMGZY)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $35.31 and traded as high as $36.75. Smiths Group shares last traded at $36.54, with a volume of 21,471 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Zacks Research lowered Smiths Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Berenberg Bank upgraded shares of Smiths Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of Smiths Group in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Smiths Group Trading Up 1.6%

The company has a quick ratio of 1.56, a current ratio of 2.18 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average price is $35.31 and its 200-day moving average price is $33.64.

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.