Smiths Group (OTCMKTS:SMGZY) Shares Gap Down – Here’s What Happened

Smiths Group PLC (OTCMKTS:SMGZY) gapped down before the market opened on Thursday . The stock had previously closed at $35.35, but opened at $33.81. Smiths Group shares last traded at $33.89, with a volume of 990 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Zacks Research downgraded Smiths Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Citigroup reissued a “buy” rating on shares of Smiths Group in a report on Thursday, January 29th. Finally, Berenberg Bank raised Smiths Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. One 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 stock. Based on data from MarketBeat, Smiths Group 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 business’s fifty day simple moving average is $35.57 and its two-hundred day simple moving average is $33.75.

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.