Smiths Group (OTCMKTS:SMGZY) Sees Strong Trading Volume – What’s Next?

Smiths Group PLC (OTCMKTS:SMGZY) shares saw unusually-strong trading volume on Thursday . Approximately 358,670 shares changed hands during mid-day trading, an increase of 555% from the previous session’s volume of 54,783 shares.The stock last traded at $35.19 and had previously closed at $33.95.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Smiths Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Smiths Group Price Performance

The stock’s 50 day moving average is $32.82 and its two-hundred day moving average is $32.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.18 and a quick ratio of 1.56.

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.