Smiths Group (OTCMKTS:SMGZY) Sets New 52-Week High – Should You Buy?

Smiths Group PLC (OTCMKTS:SMGZY)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $37.98 and last traded at $37.41, with a volume of 16491 shares changing hands. The stock had previously closed at $34.85.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SMGZY shares. Zacks Research downgraded Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. The Goldman Sachs Group raised Smiths Group to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Citigroup downgraded Smiths Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Smiths Group Trading Down 0.5%

The stock’s 50 day moving average is $35.38 and its 200 day moving average is $34.30. The company has a quick ratio of 2.77, a current ratio of 3.04 and a debt-to-equity ratio of 0.70.

About Smiths Group

Smiths Group plc is a United Kingdom-based engineering company that develops and manufactures technologies used in industrial, energy, transportation, security, aerospace, and medical applications. Founded in London in 1851 as S. Smith & Son, the company has evolved from a watchmaker and instrument manufacturer into a diversified global technology group.

The company operates through four principal businesses. John Crane provides engineered sealing systems, filtration products, and related services for rotating equipment used in energy and industrial applications.