IMI (LON:IMI) Stock Passes Above 200-Day Moving Average – Time to Sell?

IMI plc (LON:IMI) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,795.78 ($22.58) and traded as high as GBX 1,864 ($23.43). IMI shares last traded at GBX 1,852 ($23.28), with a volume of 792,785 shares traded.

IMI Stock Performance

The company has a market cap of £4.69 billion, a PE ratio of 1,884.54, a PEG ratio of 1.12 and a beta of 1.08. The stock has a 50 day simple moving average of GBX 1,767.48 and a two-hundred day simple moving average of GBX 1,795.78. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80.

Insider Activity

In related news, insider Anne Thorburn purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of GBX 1,740 ($21.88) per share, with a total value of £87,000 ($109,378.93). Also, insider Jackie Callaway acquired 857 shares of IMI stock in a transaction on Monday, November 25th. The shares were bought at an average cost of GBX 1,750 ($22.00) per share, with a total value of £14,997.50 ($18,855.29). Insiders have acquired 5,878 shares of company stock valued at $10,237,592 in the last ninety days. 1.52% of the stock is currently owned by company insiders.

IMI Company Profile

IMI plc, an engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa. The company offers engineering protects for extreme temperatures and pressure environments; supplying flow control solutions in critical applications, including liquified natural gas (LNG) production, upstream oil and gas facilities, petrochemical processes, biopharma processing, combined cycle and nuclear power, marine, and other process industries; and installs severe service valves for supporting critical industrial plants and processes.