Smiths Group (OTCMKTS:SMGZY) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Smiths Group PLC (OTCMKTS:SMGZY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $34.44 and traded as high as $36.58. Smiths Group shares last traded at $36.26, with a volume of 21,911 shares.

Analyst Upgrades and Downgrades

SMGZY has been the topic of several recent analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Smiths Group in a report on Wednesday, May 20th. The Goldman Sachs Group upgraded shares of Smiths Group to a “strong-buy” rating in a research note on Thursday. Finally, Zacks Research downgraded shares of Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Smiths Group Trading Up 0.9%

The firm’s fifty day moving average price is $34.50 and its 200 day moving average price is $34.55. 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, 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.