Smiths Group (OTCMKTS:SMGZY) Reaches New 12-Month High – Still a Buy?

Smiths Group PLC (OTCMKTS:SMGZY) reached a new 52-week high on Thursday . The stock traded as high as $37.01 and last traded at $37.00, with a volume of 17398 shares. The stock had previously closed at $36.23.

Wall Street Analyst Weigh In

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

Smiths Group Price Performance

The company has a 50 day moving average of $34.38 and a 200 day moving average of $33.28. The company has a quick ratio of 1.56, a current ratio of 2.18 and a debt-to-equity ratio of 0.31.

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.