IMI (LON:IMI) Stock Price Passes Above 200-Day Moving Average – Here’s Why

IMI plc (LON:IMI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,795.63 ($22.31) and traded as high as GBX 1,843 ($22.89). IMI shares last traded at GBX 1,821 ($22.62), with a volume of 183,913 shares changing hands.

IMI Stock Down 1.2 %

The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The stock has a market cap of £4.68 billion, a price-to-earnings ratio of 1,877.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The firm’s 50-day moving average is GBX 1,777.67 and its 200 day moving average is GBX 1,795.63.

Insider Transactions at IMI

In other news, insider Anne Thorburn bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of GBX 1,740 ($21.61) per share, for a total transaction of £87,000 ($108,074.53). Also, insider Jackie Callaway bought 857 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of GBX 1,750 ($21.74) per share, with a total value of £14,997.50 ($18,630.43). Insiders bought a total of 5,878 shares of company stock worth $10,237,592 in the last ninety days. Insiders own 1.52% of the company’s stock.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.