Smiths Group (OTCMKTS:SMGZY) Hits New 1-Year High – Still a Buy?

Smiths Group PLC (OTCMKTS:SMGZY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $37.51 and last traded at $37.17, with a volume of 19829 shares changing hands. The stock had previously closed at $37.20.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SMGZY. Citigroup reaffirmed a “buy” rating on shares of Smiths Group in a research note on Thursday, January 29th. Berenberg Bank upgraded Smiths Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, Zacks Research downgraded Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Smiths Group Price Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.18 and a quick ratio of 1.56. The firm has a 50 day moving average price of $34.80 and a 200-day moving average price of $33.45.

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.