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

Smiths Group PLC (OTCMKTS:SMGZY) gapped down prior to trading on Wednesday . The stock had previously closed at $32.2982, but opened at $30.9901. Smiths Group shares last traded at $31.7250, with a volume of 3,466 shares.

Wall Street Analysts Forecast Growth

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

Smiths Group Price Performance

The firm has a fifty day simple moving average of $33.00 and a 200 day simple moving average of $32.16. The company has a quick ratio of 1.56, a current ratio of 2.18 and a debt-to-equity ratio of 0.31.

Smiths Group Company Profile

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.